Paramount Acquires Warner Bros. Discovery For $111 Billion With Support From Major Investors

Warner Bros. Discovery shareholders have approved a sale to Skydance-owned Paramount for approximately $111 billion, at a price of $31 per share. This transaction is anticipated to reshape the media landscape as it combines Warner’s HBO Max, CNN, and various film franchises with Paramount’s CBS and Paramount+. The deal is currently subject to regulatory review.

Summary of transaction details:

• Deal Type: Acquisition
• Transaction Amount: $110,000,000,000
• Companies Involved: Warner Bros. Discovery, Paramount
• Headquarters Location: New York City
• Key Executives: David Zaslav (Warner CEO), David Ellison (Paramount CEO)
• Notable Investors: Backing includes Oracle founder Larry Ellison and sovereign wealth funds from Saudi Arabia, UAE, and Qatar

This acquisition aims to create a next-generation media and entertainment company while largely maintaining independent operations and committing to theatrical releases. The transaction is viewed as a significant milestone towards completion as stated by Warner CEO David Zaslav.