Hollywood Megafusion: Paramount to Buy Warner Bros. in $110 Billion Deal
The resulting entity from the merger will include the Hollywood studios Warner Bros. and Paramount, as well as the news channel CNN and the streaming services HBO Max and Paramount+
TL;DR
- Paramount Skydance will acquire Warner Bros. Discovery for $110 billion.
- Paramount Skydance won the deal over Netflix in a bidding war.
- The combined entity will include Warner Bros., Paramount studios, CNN, HBO Max, and Paramount+.
- Paramount's CEO aims to honor legacies and build a next-generation media company.