Paramount's hard-fought takeover of Warner Bros. Discovery closes Tuesday. Here's how we got here

It's been just over a year since Paramount Skydance set out to buy one of Hollywood's most iconic institutions. After repeated rejections, a subsequent bidding war, a series of regulatory approvals, an antitrust challenge by state attorneys general and a timely settlement, the David Ellison-run company is set to close its acquisition of Warner Bros. Discovery on Tuesday. The combined company, what amounts to one of the largest media conglomerates in history, will be newly named Skydance and trade under the ticker symbol "SKYD." It will bring together two of the most storied film studios and control nearly one-third of basic cable programming. Here's a timeline of key events in Paramount's pursuit of WBD: June 9, 2025: Warner Bros.