Warner Brothers Discovery board approves sale to Paramount
By Dominick Mastrangelo
Published on April 23, 2026.
The board of Warner Brothers Discovery has approved the sale of the media company to Paramount, paving the way for the creation of a new company that would provide entertainment, live sports, and news. The move comes after Paramount won a bidding war with Netflix and is expected to clear in the third quarter of 2026. The multi-billion dollar deal will face scrutiny from Democrats and may impact the business of moviemaking and television production.
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