Skydance Stock Drops After David Ellison Closes $111B Merger
David Ellison officially closed his $111 billion merger of Paramount Skydance and Warner Bros. Discovery on Tuesday, October 6, 2026, creating a new media conglomerate.
Paramount Skydance
David Ellison Retains Mark Thompson as CNN Chief, Unveils Skydance Leaders
Paramount Skydance chief executive David Ellison is retaining Mark Thompson as CNN chief following the roughly $110 billion acquisition of Warner Bros.
$110 Billion Paramount Skydance Deal Keeps Mark Thompson as CNN CEO
Mark Thompson will remain chief executive and editor-in-chief of CNN as the network’s parent company, Warner Bros.