The United Kingdom Competition and Markets Authority has today formally cleared the acquisition of Warner Bros. Discovery, Inc. (NASDAQ: WBD) (“WBD”) by Paramount Skydance Corporation (NASDAQ: PSKY) (“Paramount”), representing an important milestone in completing the transaction. Paramount is grateful to the CMA for its constructive engagement and its review of the transaction. Separately, Paramount has…
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Netflix to Buy Warner Bros Discovery
by themovieboards - Editor •
Netflix, Inc. (the Company) and Warner Bros. Discovery, Inc. (WBD) announced they have entered into a definitive agreement under which Netflix will acquire Warner Bros., including its film and television studios, HBO Max and HBO. The cash and stock transaction is valued at $27.75 per WBD share (subject to a collar as detailed below), with…