The transaction was finalized one day after Justice Elena Kagan of the US Supreme Court denied an emergency appeal on Oct. 5 to block the combination. Kagan rejected the final attempt by private opponents to derail the merger without providing a written explanation, issuing the decision just hours after the appeal was filed.
Wednesday, October 21, 2026
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Paramount Completes Warner Bros Discovery Deal to Form Skydance
Business15 days ago
The closing of the Warner Bros. Discovery purchase on Oct. 6 has brought CNN under the ownership of a rebranded media entity called Skydance. The organization formerly known as Paramount announced the completion of the takeover on Tuesday, establishing the new company as a global entertainment leader.
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