Paramount acquires Warner Bros. Discovery for $81 billion, Eric Daugherty confirms

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06.10.2026

Paramount acquires Warner Bros. Discovery for $81 billion, Eric Daugherty confirms — Paramount closes $81 billion Skydance deal

Eric Daugherty, founder and CEO at The Daugherty Company, reports that Paramount has completed its $81 billion acquisition of Warner Bros. Discovery, resulting in the formation of Skydance.

David Ellison has been named chairman and CEO, with his family and RedBird reportedly holding all of the voting shares. CNN is now under the corporate umbrella of this new ownership structure, described as aligned with allies of U.S. President Donald Trump.

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Daugherty has previously covered international economic developments, noting Iran's rare admission of severe financial distress as the rial reached record lows in an earlier report. In a separate piece, he confirmed that a Nigerian-born former Texas Southern professor was sentenced to 78 months in federal prison for a student financial aid fraud scheme, as detailed in his coverage. Both reports reflect Daugherty's ongoing focus on significant business and legal events.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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