Paramount Skydance completes $110 billion Warner Bros. Discovery takeover

Reuters explicitly reports that Paramount Skydance completed its approximately $110 billion takeover of Warner Bros. Discovery on Tuesday in a report dated October 7, 2026; Tuesday therefore corresponds to October 6, 2026. A separate source independently describes the merger as closing on October 6. This is a genuine, forward-looking M&A completion milestone that changes ownership, control, integration prospects, competitive dynamics and financing exposure, rather than a market-price development. Its importance is very high given the transaction size and strategic scope. Surprise is set below high-shock levels because the closing had been telegraphed and was expected after shareholder, regulatory and legal milestones. The exact completion time was not reported, so 00:00 UTC is used as a normalized date anchor and timestamp confidence is below perfect. The development remains a distinct new merger-acquisition event rather than a duplicate of prior approval, financing, regulatory or leadership developments. Approved stakeholders are limited to the transaction parties and companies with explicit competitive, distribution or theatrical exposure in the supplied context; weaker and more indirect stakeholder records were not approved.