Paramount Closes Warner Bros. Discovery Merger in Historic Deal
Paramount, through Skydance Corp., has completed its $110 billion acquisition of Warner Bros. Discovery Inc. The deal, one of the largest in media history, faced competition from Netflix and antitrust challenges.
Paramount Skydance Corp. closed its $110 billion acquisition of Warner Bros. Discovery Inc. on Tuesday, completing one of the biggest media mergers of all time after a bruising battle for control with Netflix Inc.
and after fending off antitrust lawsuits. The new company will be called…