Paramount Skydance Corporation (PSKY) announced it has entered into a definitive merger agreement to acquire Warner Bros. Discovery Inc. (WBD). The all-cash transaction, valued at $81 billion in equity and $110 billion in enterprise value, positions Paramount as a premier global media and entertainment powerhouse.
The announcement follows a dramatic turn in the industry, as Netflix declined to raise its offer for WBD, effectively clearing the path for Paramount to step in with its $81 billion bid.
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Business News
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.