Story perspectives

Paramount Skydance eyes $111 B Warner Bros. Discovery takeover; states sue

8/6/2026

Summary

Story summary

Paramount Skydance, led by David Ellison, is pursuing a $111 billion takeover of Warner Bros. Discovery.
Warner Bros. Discovery posted Q2 2026 streaming revenue of $3.1 billion, up 9 percent, with total revenue $8.717 billion.
A coalition of states is challenging the deal, with a trial March 2027 and a $7 million-per-day fee starting Oct. 1 2026.
Ellison said in a New York Times op-ed that he voted for both parties and will not influence CNN’s editorial direction.

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Story summary

Paramount Skydance, led by David Ellison, is pursuing a $111 billion takeover of Warner Bros. Discovery.
Warner Bros. Discovery posted Q2 2026 streaming revenue of $3.1 billion, up 9 percent, with total revenue $8.717 billion.
A coalition of states is challenging the deal, with a trial March 2027 and a $7 million-per-day fee starting Oct. 1 2026.
Ellison said in a New York Times op-ed that he voted for both parties and will not influence CNN’s editorial direction.