MN-45006

Paramount Skydance / Warner Bros. Discovery

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Processing timeline

days

Filed

29 Apr 2026

Decision Due

12 June 2026

Est decision date: 29 May 2026. Based on 7 decided Technology, Media & Telecoms notifications.

Type: Notification
Status: Under assessment
Stage: Phase 1 - initial assessment

Parties

Acquirer

Paramount Skydance

Target

Warner Bros. Discovery

Other parties

Annapurna Pictures, LLC

Notes

Paramount Skydance Corporation will acquire all outstanding shares of Warner Bros. Discovery, Inc. for USD 31.00 per share. This transaction combines two global media, streaming, and entertainment companies, expanding their content and distribution portfolios in Australia and worldwide.