Paramount ‘s $111 billion megadeal for Warner Bros. Discovery is officially a go. The two companies formally unveiled the deal Friday after Netflix formally bowed out of the running a day earlier, ...

The deal was inked just a day after Netflix abruptly announced it was pulling out of the bidding war for Warner Bros.

Warner Bros Discovery has agreed to a deal with Paramount Skydance, the two companies confirmed Friday in a news release.

The Ellisons might have beat Netflix, but their $111 billion deal still needs to survive lawsuits, regulators, and a mountain of debt.

Paramount and WBD say the board of directors of both companies has signed off on the deal. The companies expect it to close ...

Five Big Law firms are playing key roles in the merger of Paramount Skydance and Warner Bros. Discovery. The firms include Wachtell, Cravath, Latham, Cleary and Debevoise.

Following an increased re-bid from Paramount Skydance to purchase Warner Bros. Discovery, the online streaming service company Netflix has bowed out of the running. The decision, made on Thursday, ...

With Netflix out of the picture, a Paramount and Warner Bros. Discovery deal may have fewer obstacles to regulatory approval.

A $252 million loss, falling ad revenue, and a heated bidding war define the company’s latest quarter, with Paramount emerging as the likely buyer after Netflix steps back. Read more.

Netflix will walks away with a hefty $2.8 billion breakup fee as Warner Bros. Discovery shifts to Paramount and M&A drama ...

Now that Paramount, not Netflix, is buying Warner Bros. Discovery, we have a lot of big questions about what the future holds.

International leaders are responding to the bombshell news overnight that Netflix is stepping away from the Warner Bros deal, ...