Acquiring Company
Paramount
Acquired Company
Warner Brothers Discovery
Pyrmont
BurbankMedia And EntertainmentMusicFilmFilm ProductionMedia And EntertainmentFilmFilm ProductionDescription
Paramount plans to take over Warner Brothers Discovery, which is the parent company of CNN. There are allegations of collusion involving Paramount's CEO, David Ellison, and President Trump. The acquisition has raised concerns within the political sphere. Ellison maintains that both news organizations should operate independently.
Don't miss Paramount's next move
Get an email the moment Paramount makes an acquisition, hires an exec, or expands — usually minutes after it happens.
One email per event. Unsubscribe anytime.
Related People
M&A Insights
Based on deal dataFrequently asked
Who acquired Warner Brothers Discovery?
Warner Brothers Discovery was acquired by Paramount, based in Pyrmont. The deal was reported on August 12, 2026. Paramount Skydance is a major media and entertainment company that encompasses various media outlets and production studios including CBS and popular cable channels. Paramount is publicly traded (PSKY) and operates in Media And Entertainment.
When did Paramount acquire Warner Brothers Discovery?
Paramount's acquisition of Warner Brothers Discovery was reported on August 12, 2026. Paramount plans to take over Warner Brothers Discovery, which is the parent company of CNN. There are allegations of collusion involving Paramount's CEO, David Ellison, and President Trump. The acquisition has raised concerns within the political sphere. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Warner Brothers Discovery do?
Warner Brothers Discovery is a major entertainment company formed from the merger of WarnerMedia and Discovery, Inc. It includes iconic brands like DC, HBO, and a range of popular television channels. It is publicly traded (WBD), operating in Media And Entertainment, and is based in Burbank.