Paramount closes $110 billion deal to acquire Warner Bros. Discovery
The merger unites two major movie studios, news operations CBS News and CNN and cable networks including Comedy Central and TNT.
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The merger unites two major movie studios, news operations CBS News and CNN and cable networks including Comedy Central and TNT.
Streaming giant Netflix declined to match Paramount Skydance's $31 per share offer for Warner Bros. Discovery.
Paramount Global and Skydance Media agreed to merge last year.
Paramount Global, the owner of Paramount Pictures and CBS, will merge with a media company founded by David Ellison.
