Paramount, Warner Bros. Discovery Announce October Merger Closing Date
Paramount Skydance Corporation and Warner Bros. Discovery have set October 6, 2026, as the anticipated closing date for their merger. The transaction will combine significant portions of the media and entertainment industry.
Paramount Skydance Corporation and Warner Bros. Discovery announced on September 30, 2026, that their merger is expected to close on October 6, 2026. The completion of the transaction is subject to customary closing conditions.
The merger unites two major players in the media and entertainment sector. Warner Bros. Discovery boasts a diverse portfolio of branded content across television, film, streaming, and gaming, including properties like HBO Max, Discovery Channel, and DC Comics.
Paramount, a Skydance Corporation, brings its capabilities in studios, direct-to-consumer services, and TV media. Its portfolio includes iconic brands such as Paramount Pictures, Nickelodeon, and Showtime. The combined entity aims to offer a comprehensive range of content to a global audience.
Under the terms of the merger agreement, each share of Warner Bros. Discovery common stock will be converted into cash at the effective time of the merger. If the closing occurs on the anticipated date, shareholders will receive $31.00 plus a daily interest amount calculated from September 30, 2026, to the closing date. The companies are continuing to work towards fulfilling the necessary closing conditions.