Paramount Global to Merge with Warner Bros. Discovery in Definitive Deal
March 24, 2026
Paramount Global and Warner Bros. Discovery have finalized a definitive merger agreement to create a combined media and streaming company with an enterprise value of about $170 billion. The deal is positioned as a scale play to compete with Netflix and other Big Tech ecosystems, leveraging content libraries and technology (including Oracle cloud infrastructure) to build a “must-have” subscription offering.
- Buyers
- Paramount Global, Warner Bros. Discovery
- Targets
- Warner Bros. Discovery
- Industry
- Media & Entertainment
- Location
- United States
- Transaction Type
- Buyout
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