IT’S OFFICIAL: Paramount Closes $81 Billion Warner Bros. Discovery Takeover — CNN, CBS, HBO and Warner Bros. Now Under Right-Leaning Billionaire Family
The far-left cable network that spent years treating President Trump like a criminal defendant just woke up under new corporate ownership.
Paramount on Tuesday completed its acquisition of Warner Bros. Discovery, creating a combined company that will operate simply as Skydance, according to the New York Post.
The combined enterprise, now standing as a corporate giant valued at nearly $111 billion, including debt, officially brings CNN, CBS, HBO, Warner Bros., and HGTV under one single corporate umbrella. And the left-wing fake news industrial complex is completely losing its mind.
David Ellison, the Skydance founder who already bought Paramount, is chairman and CEO. Ynon Kreiz, the former Mattel chief, is co-CEO.
The Ellison family, led by billionaire tech mogul Larry Ellison, a prominent conservative donor and stalwart supporter of President Donald J. Trump, holds full voting power alongside RedBird Capital.
The Ellison family and RedBird Capital Partners together are the sole holders of the Class A common stock, including 100% of the combined company’s voting shares, the company said in its closing announcement.
David Ellison, Chairman and CEO of Skydance, said:
“Today is a historic day, not just for Skydance but for our entire industry. From the start, our ambition was to bring these two storied studios together and create a stronger competitor, with the talent, resources, and reach to tell great stories in every genre, on every platform, for audiences everywhere. Now that ambition is a reality.
“We’re grateful to everyone who made this possible – the employees, creative talent, and production teams of both companies, who worked tirelessly to get us here and inspire audiences around the world every day, as well as the advisors and partners who guided this transaction to completion. Our focus now turns to the future: building a company that empowers creatives, entertains audiences and rewards shareholders. We couldn’t be more excited to get to work.”
https://www.thegatewaypundit.com/2026/10/its-official-paramount-closes-81-billion-warner-bros/