Paramount Skydance to buy WBD in ~$110B deal as streaming rises
Paramount Skydance plans to buy Warner Bros. Discovery for about $110B EV, with traders focused on deal financing, debt, integration costs and how streaming scale could affect WBD shares. The CEO expects the deal to close despite antitrust challenges and pending litigation. Separately, WBD reports streaming revenue up 10% to $3.08B and streaming adjusted EBITDA rising to $512M, though profit narrowed after a charge.