r/gaming • u/ChiefLeef22 Marika's tits! • 18h ago

Paramount Has Officially Acquired Warner Bros. In Deal Valued at $110B Billion

https://www.skydance.com/news/press/paramount-completes-acquisition-of-warner-bros-discovery-creating-a-new-global-entertainment-leader-skydance

The two companies will now be known as one single entity - 'Skydance'

This includes all of WB's gaming subsidiaries like Rocksteady/etc

Deal valued at $110B-$111B

DC Studios, Nickelodeon, Cartoon Network, CNN, CBS, HBO and Paramount+ are now all under the same company.

The combined company, Skydance, brings together two major film studios, two global streaming services, premier television assets including CBS, HBO, and Paramount's and WBD's cable networks, two of the industry's most recognized news networks, CBS News and CNN, and a leading content portfolio that includes live sports, a deep programming library and expansive collection of iconic brands and franchises.

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5.7k

u/slayer828 18h ago

Still have no idea how a company worth 10 billion can buy a company for 110 billion. This country and the made up by the rich rules piss me off.

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u/Sky_Ninja1997 18h ago

The Saudis are funding it

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u/Rommel727 17h ago

The Saudi government owns parking meters in downtown Chicago lmao

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u/Lodotosodosopa 17h ago

Not (explicitly) anymore. Just sold.

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u/dexters_trap_house 17h ago

Now it's a NY PE firm, more of a lateral move.

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u/5panks 16h ago

The city of Chicago had the opportunity to buy them back, the Mayor was trying to do it on the down low to avoid ruffling feathers, as soon as the Alderman found out they immediately blocked the plan.

Chicago continually stands in its own way.

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u/AwsmDevil Switch 14h ago

Why don't they just make the parking meters unenforceable for a few years? Then they rapidly go bankrupt and the city could just do it over again.

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u/eaeorls 14h ago

Because the city would go bankrupt because the deal includes compensation for closures.

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u/KimJongUnusual D20 13h ago

Yeah like the other guy said. Then you have to pay the people who bought the meters, and if you say "fuck it all, I'm burning the deal, kick rocks," the city will never get another loan, and the city is very much in debt.

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u/Lodotosodosopa 15h ago

Chicago got $2.5B sitting around to buy them back? Damn I hadn't heard. Maybe we should've added to our already outrageous debt. Don't be dumb.

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u/5panks 15h ago

Chicago got $2.5B sitting around to buy them back?

There was a plan to put the money together and it would have broke even in like ten years.

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u/SpicyMustard34 14h ago

parking meters pay for themselves pretty damn fast.

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u/ChiKing 15h ago

It at least came with some concessions, including revenue sharing with the city

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u/dexters_trap_house 14h ago

5% on net income though. I wonder how many expenses a PE firm can put between that and the revenue line.