Paramount Skydance Corporation has agreed to acquire Warner Bros. Discovery in a massive $110 billion deal that could reshape the global entertainment industry.

The companies announced they signed a definitive merger agreement, with Paramount paying $31.00 per share in cash for all outstanding WBD shares.

The boards of both companies unanimously approved the transaction. The deal is expected to close in the third quarter of 2026, pending regulatory approvals and a shareholder vote from WBD investors in early spring 2026.

According to Paramount, if the merger is not completed by September 30, 2026, WBD shareholders will receive a $0.25 per share quarterly "ticking fee" until closing.

The combined company will bring together major studios, streaming services, cable networks and sports rights under one roof.

Leaders say the goal is to........

© International Business Times