What is the total value of Paramount's acquisition of Warner Bros. Discovery?

Paramount's acquisition of Warner Bros. Discovery is valued at $111 billion.

What are the financial terms of the Paramount-Warner Bros. Discovery deal?

Paramount will pay $31 per share, along with a ticking fee and a $7 billion regulatory termination fee if the transaction does not close.

Is the Paramount-Warner Bros. Discovery merger facing regulatory review?

Yes, California's Attorney General has launched an investigation into the deal.

Home / Business and Economy / Paramount Seals $111B Warner Bros. Deal Amidst Scrutiny

Paramount Seals $111B Warner Bros. Deal Amidst Scrutiny

27 Feb

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Summary

Paramount is acquiring Warner Bros. Discovery for $111 billion.
Deal includes a ticking fee and a $7 billion regulatory termination clause.
California AG has launched an investigation into the merger.

Paramount Seals $111B Warner Bros. Deal Amidst Scrutiny

Paramount has officially completed its $111 billion acquisition of Warner Bros. Discovery. This development occurred after Netflix withdrew from negotiations the previous day, deeming the price no longer financially viable. Paramount's CEO, David Ellison, stated the goal is to build a next-generation media company by combining iconic studios and streaming platforms.

Warner Bros. Discovery CEO David Zaslav expressed satisfaction with the outcome for shareholders, emphasizing maximized value for their assets. The transaction involves Paramount paying $31 per share for Warner Bros. Discovery. It also includes a quarterly ticking fee starting after September 30, 2026, and a $7 billion termination fee if regulatory approval is not obtained.

The deal is already under scrutiny. California Attorney General Rob Bonta has confirmed an open investigation and pledged a vigorous review. Paramount has also agreed to cover Warner Bros. Discovery's $2.8 billion termination fee owed to Netflix, highlighting the complex financial arrangements of this significant media merger.

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