Paramount Skydance Cleared to Close Roughly $110 Billion Warner Bros. Discovery Deal on October 6

Paramount Skydance and Warner Bros. Discovery said their merger is expected to close on October 6, 2026, after a U.S. federal judge entered a consent decree resolving a 12-state antitrust challenge. The deal would place Warner Bros. Discovery under Paramount Skydance and combine major film, television, news and streaming assets including Paramount Pictures, Warner Bros., CBS, CNN, HBO Max and Paramount+.