Paramount Skydance to Absorb Warner Bros. Discovery in a $110 Billion Deal—Shareholders Have Approved the Merger

Under the terms of the deal, Paramount will acquire the assets of Warner Bros. Discovery for $110 billion. Once the transaction closes, Warner Bros. shareholders will receive $31 per share.

The deal is still under review by antitrust regulators in the United States and the European Union. If it is not completed by September 30, Warner Bros. shareholders will be entitled to additional payments—25 cents per share for each quarter until closing, under what is known as a ticking fee.

The merger is expected to create one of the largest media groups, bringing together Hollywood studios, vast content libraries, and the streaming services Paramount+ and HBO Max.

Paramount Skydance to Absorb Warner Bros. Discovery in a $110 Billion Deal—Shareholders Have Approved the Merger

The Combination Will Create One of the Largest Media Structures, With Hollywood Studios and the HBO Max and Paramount+ Streaming Services