Story perspectives
Ellison completes $110B Paramount-WBD merger after U.S. approval
By Drooid · · How we work
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Story summary
- David Ellison sealed a $110 bn merger of Paramount and Warner Bros Discovery, forming a new media empire.
- He targets $6 bn cost savings and plans to reduce over $80 bn debt within three years.
- U.S. regulators approved the $8.4 bn deal provided Kenneth Weinstein serve as CBS News ombudsman.
- Ellison will combine Paramount+ with HBO Max, keep Champions League rights and avoid a new pay-TV subscription.