In the matter of Paramount to acquire Warner Bros. Discovery, despite a statement by Gregory Orr, a descendant of Warner Bros. founder Jack Warner, describing the ‘mega-merger’ as a "shotgun wedding with your dumb cousin", the transaction has been unanimously approved by the ‘Boards of Directors’ of both companies and is expected to close in Q3 2026, subject to customary closing conditions, including regulatory clearances and approval by ‘WBD’ shareholders, with a vote expected in the early spring of 2026:
Paramount, a Skydance Corporation is a leading, next-generation global media and entertainment company, comprised of three business segments: Studios, Direct-to-Consumer, and TV Media.
Paramount's portfolio unites brands, including Paramount Pictures, Paramount Television, CBS network, CBS News, CBS Sports, Nickelodeon, MTV, BET, Comedy Central, Showtime, Paramount+, Paramount TV and Skydance's Animation, Film, Television, Interactive/Games, and Sports.
Warner Bros. Discovery is a leading global media and entertainment company that creates and distributes a differentiated and complete portfolio of branded content across television, film, streaming and gaming.
Warner Bros. Discovery brands and products include: Discovery Channel, HBO Max, discovery+, CNN, DC, TNT Sports, Eurosport, HBO, HGTV, Food Network, OWN, Investigation Discovery, TLC, Magnolia Network, TNT, TBS, truTV, Travel Channel, Animal Planet, Science Channel, Warner Bros. Motion Picture Group, Warner Bros. Television Group, Warner Bros. Pictures Animation, Warner Bros. Games, New Line Cinema, Cartoon Network, Adult Swim, Turner Classic Movies, Discovery en Español, Hogar de HGTV and DC Studios.
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