Paramount Skydance Acquires Warner Bros Discovery, Plans Streaming Merger with $79 Billion Debt

Paramount Skydance has agreed to acquire Warner Bros Discovery for $110 billion, creating a combined media entity with an estimated net debt of $79 billion. The merger will unite streaming services Paramount+ and HBO Max into a single platform, aiming to better compete with Netflix. The combined company will hold a vast content library including franchises like Harry Potter and Game of Thrones. Paramount ruled out selling cable assets, while the deal is expected to yield significant cost savings and faces regulatory scrutiny in the US.