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Paramount to acquire Warner Bros. for $44 billion

PRIVATESep 28, 2026

Acquiring Company

Paramount Skydance

Acquired Company

Warner Bros. Discovery

WashingtonNew YorkMedia And EntertainmentMusicFilmFilm ProductionMedia And EntertainmentPublishingFilmFilm ProductionEntertainment Providersentertainment

Description

Paramount Skydance Corp. has initiated a bond sale to fund its acquisition of Warner Bros. Discovery Inc. The deal is valued at over $44 billion, making it one of the largest corporate high-yield bond issuances. Initially, pricing discussions have indicated a competitive yield for the long-term bonds. This acquisition will enhance Paramount's market position in the entertainment industry.

Company Information

Company

Paramount Skydance

Location

Washington, United States

About

Paramount Skydance Corp. is a media and entertainment company primarily engaged in the production and distribution of films and television shows. The company is known for its innovative storytelling and visual effects. Paramount Skydance is involved in various entertainment ventures and seeks to expand its market presence through strategic acquisitions.

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Frequently asked

Who acquired Warner Bros. Discovery?

Warner Bros. Discovery was acquired by Paramount Skydance, based in Washington. The deal was reported on September 28, 2026. Paramount Skydance Corp. is a media and entertainment company primarily engaged in the production and distribution of films and television shows. The company is known for its innovative storytelling and visual effects. Paramount Skydance is privately held and operates in Media And Entertainment.

When did Paramount Skydance acquire Warner Bros. Discovery?

Paramount Skydance's acquisition of Warner Bros. Discovery was reported on September 28, 2026. Paramount Skydance Corp. has initiated a bond sale to fund its acquisition of Warner Bros. Discovery Inc. The deal is valued at over $44 billion, making it one of the largest corporate high-yield bond issuances. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Warner Bros. Discovery do?

Warner Bros. Discovery, a premier global media and entertainment company, offers audiences the world’s most differentiated and complete portfolio of content, brands and franchises across television, film, streaming and gaming. It is publicly traded (WBD), operating in Media And Entertainment, and is based in New York.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.