Paramount targets Warner Bros. Discovery in a $111 billion acquisition

First reported by The Verge at · Updated · 2 sources

TechCrunch describes the acquisition as a planned deal valued at $111 billion, while The Verge says it has officially closed and calls the combined company Skydance. According to The Verge, Skydance is owned by David Ellison, the son of Oracle CEO Larry Ellison. The reports differ on the transaction’s status.

Covered by 2 publishers within 24 hours of the first report.

Reporting2

The Verge Will Warner Bros. kill Skydance — or will David Ellison kill Warner Bros? · Nilay Patel
TechCrunch What to know about the landmark Warner Bros. Discovery sale · Lauren Forristal

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