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Event Brief

Paramount completes $81 billion Warner Bros. purchase

Paramount has completed its $81 billion purchase of Warner Bros. Discovery, creating a major entertainment company under owner Skydance. David Ellison’s hostile takeover bid prevailed over competing efforts from Netflix.
WHO: Paramount
WHAT: Completed its $81 billion purchase of Warner Bros. Discovery
WHEN: Oct 6, 2026 at 10:18 AM ET
WHERE: USA
WHY: The purchase was completed after David Ellison’s takeover bid prevailed over rival efforts from Netflix.

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