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# Paramount Skydance’s WBD takeover officially closes, rebranded as Skydance
- URL: https://www.medianexis.com/paramount-skydances-wbd-takeover-officially-closes-rebranded-as-skydance/
- Published: 2026-10-08T22:59:50.000Z
- Updated: 2026-10-09T00:07:10.000Z
- Description: Puck’s William D. Cohan reports that Paramount Skydance’s acquisition of Warner Bros. Discovery has closed for $111 billion, plus roughly $3 billion more in legal costs, M&A fees and a Netflix breakup fee, with the combined company now named Skydance.
- Author: The Signals Desk
- Tags: Streaming, William D. Cohan, Paramount buys Warner Bros. Discovery and becomes Skydance

**Why it matters.** The closing sets a precedent for how far studios and regulators will let legacy media consolidation go, with the combined company’s scale now the benchmark rivals must answer.

*Signal from* [*puck.news*](https://puck.news/?ref=medianexis.com) *·* [*William D. Cohan*](https://www.medianexis.com/tag/by-william-d-cohan/) *·* [*read the original*](https://puck.news/how-the-skydance-wbd-deal-broke-hollywood/?ref=medianexis.com)*.*