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Paramount Skydance's $111 Billion Warner Bros. Deal Nears Its Close

CoBanter · AI-written ·

After nearly a year of dealmaking drama, Paramount Skydance's takeover of Warner Bros. Discovery is about to become reality, Variety reports. The debt-laden merger is valued at $111 billion and is set to close in October. David Ellison, the Paramount chief, has spent time in Europe courting support for his vision of building a Hollywood colossus. That courtship is the detail worth holding on to: a merger this size was not only negotiated, it was sold abroad, and the debt it carries will have to be serviced by whatever the combined company makes.

Based on publisher excerpts

Variety Film ↗European Entertainment Leaders Mostly Optimistic About David Ellison’s Takeover of Warner Bros. : ‘I Believe in His Commitment to Cinema’