Summary
Paramount Skydance has agreed to buy Warner Bros. Discovery for $110 billion. This deal includes about $29 billion in debt and will form one of the largest film studios worldwide. Netflix did not make a counteroffer.
Key Facts
- Paramount Skydance is buying Warner Bros. Discovery for $110 billion.
- The transaction includes about $29 billion in debt.
- This merger is one of the biggest in Hollywood history.
- Warner executive Bruce Campbell announced the agreement.
- Netflix chose not to match Paramount’s updated offer.
- This acquisition will create one of the world’s biggest film studios.
- The deal was announced at a company meeting, and updates are expected.
