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
April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.