| Decision | Consent granted Section 13(1)(a) Overseas Investment Act 2005 |
|---|---|
| Decision maker | Toitū Te Whenua Land Information New Zealand |
| Decision date | 1 May 2026 |
| Pathway | Significant business assets – Primary consent |
| Investment | Acquisition of up to 100% of the shares of Warner Bros. Discovery, Inc. for consideration exceeding $100 million. |
| Consideration | More than $100,000,000 |
| Applicant | Paramount Skydance Corporation United States 100% |
| Vendor | Warner Bros. Discovery, Inc. United States of America 23% Various (including United States) 77% |
| Background | The Applicant is a global media and entertainment company, ultimately controlled by Lawrence and David Ellison, two businessmen from the United States. This is part of a global transaction whereby the Applicant will acquire all outstanding shares of Warner Bros. Discovery, Inc., which has a number of subsidiaries in New Zealand. Consent was granted as the national interest test was met. |
| More information | Glenn Shewan Bell Gully (Auckland) PO Box 4199 Auckland 1140 |
| Assessment report | An assessment report for this decision was published under the Official Information Act: |
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