Warner Bros. Discovery agrees to $110 billion Paramount merger

Warner Bros. Discovery and Paramount Skydance's merger statement is present official. On Friday, the 2 companies announced plans to merge into a monolithic media institution that volition fold WBD's studio, linear channels, streaming service, and gaming conception into Paramount.

Though WBD initially signed onto an $83 cardinal agreement to merge portion of Warner Bros. with Netflix, Paramount persisted with a hostile takeover bid, followed by a bid of offers. That persistence paid off, arsenic WBD determined that Paramount's "best and final" connection is "superior" to Netflix's deal. On Thursday, Netflix declined to lucifer Paramount's bid, calling it "no longer fina …

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