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.

• Updated 5m ago

12 states sue to block Paramount-Warner Bros. Discovery merger

The suit poses a new challenge to the $110 billion deal that would unite two of the nation's largest media companies.

• Jul 14

Netflix drops bid for Warner Bros. Discovery, paving way for Paramount Skydance

Streaming giant Netflix declined to match Paramount Skydance's $31 per share offer for Warner Bros. Discovery.

• Feb 27

Warner Bros. Discovery restarts takeover talks with Paramount Skydance

Warner Bros. Discovery said that Paramount Skydance is considering enhancing its buyout offer for the entertainment company.

• Feb 17

FCC approves Paramount-Skydance merger

Paramount Global and Skydance Media agreed to merge last year.

• Jul 25, 2025

Paramount Global to merge with Skydance Media

Paramount Global, the owner of Paramount Pictures and CBS, will merge with a media company founded by David Ellison.

• Jul 8, 2024