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Skydance acquires CNN from Warner Bros. Discovery

PRIVATEOct 07, 2026

Acquiring Company

Skydance

Acquired Company

Warner Bros. Discovery

Los AngelesNew YorkMedia And EntertainmentMusicVideo GamesFilmFilm ProductionMedia And EntertainmentPublishingFilmFilm ProductionEntertainment Providersentertainment

Description

Skydance has successfully completed its $81 billion acquisition of Warner Bros. Discovery, bringing CNN under its ownership. The merger marks a significant consolidation in the media industry, combining CBS and CNN under one roof. Skydance has pledged to uphold editorial independence, despite potential challenges arising from corporate influence. Mark Thompson will remain as CNN's editor-in-chief amidst this transition.

Company Information

Company

Skydance

Location

Los Angeles, California, United States

About

Skydance is a media and entertainment company that produces films, television, and interactive games. Founded in 2010, it has quickly become a recognized name in the industry. Skydance aims to elevate storytelling across various platforms. The company is also known for its partnerships and collaborative projects in the entertainment sector.

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Frequently asked

Who acquired Warner Bros. Discovery?

Warner Bros. Discovery was acquired by Skydance, based in Los Angeles. The deal was reported on October 7, 2026. Skydance is a media and entertainment company that produces films, television, and interactive games. Founded in 2010, it has quickly become a recognized name in the industry. Skydance is privately held and operates in Media And Entertainment.

When did Skydance acquire Warner Bros. Discovery?

Skydance's acquisition of Warner Bros. Discovery was reported on October 7, 2026. Skydance has successfully completed its $81 billion acquisition of Warner Bros. Discovery, bringing CNN under its ownership. The merger marks a significant consolidation in the media industry, combining CBS and CNN under one roof. 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.

This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.

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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.