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Paramount Skydance to Acquire Warner Bros. for $111 Billion

3/26/2026

Summary

Story summary

Paramount Skydance plans to acquire Warner Bros. Discovery for $111 billion, pending shareholder approval at a special meeting on April 23, 2026.
The boards of Paramount Skydance and Warner Bros. Discovery unanimously approved the deal.
WBD will carry about $79 billion in debt, while shareholders will receive $31.00 per share at a 147% premium.
Closing is expected in the third quarter of 2026, subject to regulatory approvals, with legal and financial advisors in place.

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Story summary

Paramount Skydance plans to acquire Warner Bros. Discovery for $111 billion, pending shareholder approval at a special meeting on April 23, 2026.
The boards of Paramount Skydance and Warner Bros. Discovery unanimously approved the deal.
WBD will carry about $79 billion in debt, while shareholders will receive $31.00 per share at a 147% premium.
Closing is expected in the third quarter of 2026, subject to regulatory approvals, with legal and financial advisors in place.