In Other News · United States · Politics

Paramount closes deal to acquire Warner Brothers Discovery

Source: The Hill

Summary

Paramount officially closed its multi-billion-dollar deal to acquire fellow media giant Warner Brothers Discovery (WBD) on Tuesday, creating the largest provider in news, sports and entertainment offerings in the world. The deal hands control of WBD’s sprawling movie and television studios, as well as its cable channels and news outlet CNN to billionaire media mogul…

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