Hollywood’s $111B Merger Puts CNN’s Future in Play

2026-03-09 - 11:03

Key Points —Paramount Skydance has agreed to acquire Warner Bros. Discovery for $31 per share — roughly $111 billion including debt — after Netflix walked away from a rival $82.7 billion bid and collected a $2.8 billion breakup fee —The deal merges Batman, HBO, and CNN with Mission: Impossible, CBS, and Paramount+, backed by $24