Warner Bros. Discovery

Completion of the $111 Billion Paramount and Warner Merger After Overcoming Final Attempts to Block It

Paramount Skydance has completed its merger with Warner Bros. Discovery, creating an entity that includes Paramount+, HBO Max, CBS, CNN, sports networks and extensive content libraries. The closing came after legal settlements and U.S. regulatory approvals, amid concerns about the deal’s effect on competition, news independence and an expected debt burden of approximately $80 billion.