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Warner Bros. Discovery and Paramount have formally struck a $110 billion deal.
The settlement follows Netflix pulling out of its long-running bidding battle in opposition to Paramount after WBD said the studio’s most up-to-date supply was higher than the streamer’s. Regardless of being allowed to make a counteroffer, Netflix finally determined that it would not make sense to boost the stakes much more, permitting Paramount to emerge victorious.
The ultimate supply has obtained approval from each Paramount and WBD’s boards of administrators. The deal is projected to be finalized within the third quarter of 2026, pending normal closing necessities, equivalent to regulatory approvals and a shareholder vote that may happen inside the subsequent few months.
Extra to come back…
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