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Paramount Skydance has reached an agreement to acquire Warner Bros Discovery for an astounding $110 billion.
Paramount Skydance has agreed to acquire Warner Bros Discovery for $110 billion.
KEY POINTS
- Netflix declined to counter Paramount's $31-per-share offer, allowing the acquisition to proceed.
- European Union antitrust clearance is expected with only minimal required divestments.
- California's Attorney General is investigating the deal for compliance with state laws.
COMPANIES
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