Paramount closes $110 billion deal to acquire Warner Bros. Discovery

The merger unites two major movie studios, news operations CBS News and CNN and cable networks including Comedy Central and TNT.

• 1h ago

Key facts on Paramount Skydance settlement

Paramount Skydance reached a settlement with 12 states regarding antitrust concerns, clearing the way for its $110 billion acquisition of Warner Bros. Discovery. Jo Ling Kent reports.

• Sep 22

Judge temporarily halts Paramount-Warner Bros. Discovery merger

The ruling comes after a coalition of 12 states sued to block the deal, arguing it would harm consumers and the entertainment industry.

• Jul 23

12 states sue to block Paramount-Warner Bros. Discovery merger

The suit poses a new challenge to the $110 billion deal that would unite two of the nation's largest media companies.

• Jul 14

States sue to block Paramount-WBD merger

A coalition of a dozen states on Monday sued to block Paramount Skydance's acquisition of Warner Bros. Discovery, posing a new challenge to the $110 billion deal that would unite two of the nation's largest media companies. Paramount Skydance is the parent company of CBS News. CBS News' Jo Ling Kent reports.

• Jul 13

Elon Musk becomes first trillionaire

SpaceX officially went public on Friday, making history as the largest initial public offering of all time and making Elon Musk a trillionaire. Also on Friday, the Justice Department gave the green light for a merger between CBS News' parent company, Paramount Skydance, and Warner Bros. Discovery. Jo Ling Kent has more.

• Jun 12

What's next for Warner, Paramount Skydance?

Warner Bros. Discovery shareholders voted on Thursday to approve Paramount Skydance's acquisition of the company in a deal valued at roughly $81 billion. Paramount Skydance is the parent company of CBS News. CBS News senior business and tech correspondent Jo Ling Kent reports on the vote and next steps.

• Apr 23

Netflix drops bid for Warner Bros. Discovery, paving way for Paramount Skydance

Streaming giant Netflix declined to match Paramount Skydance's $31 per share offer for Warner Bros. Discovery.

• Feb 27

Warner Bros. Discovery restarts takeover talks with Paramount Skydance

Warner Bros. Discovery said that Paramount Skydance is considering enhancing its buyout offer for the entertainment company.

• Feb 17

Jared Kushner's private equity firm backs out of Paramount's bid for Warner Bros.

The exit came a week after Paramount Skydance made its $108.4 billion all-cash offer to Warner Bros. Discovery.

• Dec 16, 2025

Details on Paramount bid for Warner Bros.

Paramount Skydance has announced a hostile takeover bid for Warner Bros. Discovery after Netflix reached a deal last week to buy part of the company. The Paramount Skydance offer to purchase the entire company was presented directly to Warner Bros. shareholders. CBS News MoneyWatch correspondent Kelly O'Grady explains.

• Dec 9, 2025

Dana White says UFC hosting first-ever White House fight on July 4

UFC CEO Dana White confirmed plans for a July 4, 2026 fight at the White House to mark America's 250th birthday.

• Aug 12, 2025

FCC approves Paramount-Skydance merger

Paramount Global and Skydance Media agreed to merge last year.

• Jul 25, 2025

FCC approves Skydance's Paramount acquisition

The Federal Communications Commission approved Skydance's $8.4 billion deal to acquire Paramount Global on Thursday. This includes subsidiaries like CBS, CBS News and others.

• Jul 24, 2025

Bronfman withdraws bid for Paramount, clearing path for Skydance merger

The merger between entertainment giant Paramount and media company Skydance is set to go ahead after Edgar Bronfman Jr. withdrew a competing offer.

• Aug 27, 2024

Paramount Global to merge with Skydance Media

Paramount Global, the owner of Paramount Pictures and CBS, will merge with a media company founded by David Ellison.

• Jul 8, 2024

Paramount Global to merge with Skydance

Paramount Global, the owner of CBS News, has made a multibillion-dollar deal to merge with the film production company Skydance Media. To make that possible, Skydance is buying another company, National Amusements, controlled by Shari Redstone, which owns the largest share of Paramount Global.

• Jul 8, 2024