110B

Paramount Skydance will acquire Warner Bros Discovery in a $110 billion (€93 billion) transaction, ending a high-stakes bidding war after Netflix declined to match Paramount’s latest offer, the companies said. The deal, with an equity value of about $81 billion, is slated to close in the third quarter of 2026, pending regulatory approvals and other customary conditions. Reuters first reported that a deal had been reached, citing an audio clip from a global town hall. Shares of Paramount rose about 1% in extended trading,…