The $111 Billion Media Merger That Still Isn't Closed

Paramount Skydance's $111 billion agreement to merge with Warner Bros. Discovery is not quite a done deal, but Variety reports the company is preparing for it to close within the next few weeks. In an SEC filing, Paramount said its board on Sept. 25 determined to voluntarily withdraw the listing of its Class B common shares. Moves like that suggest a deal being made ready rather than merely discussed — though as the company itself frames it, the agreement is not yet complete.