(March 2): The Warner Bros-Paramount Skydance merger will create a combined entity that would have a net debt of about US$79 billion (RM309.2 billion), Paramount said on Monday, as it ruled out any plan to divest or spinoff the cable assets. This was disclosed by Paramount CEO David Ellison in a call with analysts after signing the US$110 billion, or US$31-per-share, deal for Warner Bros early on Friday, after Netflix declined to raise its offer. Long-drawn bidding contestThe contest for Warner Bros' studio and streaming assets heated up over months, with Paramount and Netflix trading rival takeover bids. Netflix struck first, signing a deal early in December to buy those assets, excluding cable networks, for US$27.75 per share, or US$82.7 billion. The combined entity is expected to produce at least 30 theatrical films a year, while maintaining both Warner Bros and Paramount studios.

Source: The Edge Markets March 02, 2026 15:17 UTC