#Warner Bros Discovery Inc.

have announced that they have closed the merger combining WarnerMedia and Discovery. The combination is set to create a standalone global media and entertainment company called Warner Bros Discovery Inc. “Today’s announcement marks an exciting milestone not just for Warner Bros. Discovery but for our shareholders, our distributors, our advertisers, our creative partners and, most importantly, consumers globally,” said David Zaslav, Warner Bros. “With our collective assets and diversified business model, Warner Bros. I can’t wait for both teams to come together to make Warner Bros. Paramount is set to acquire Warner Bros. Warner Bros, which put itself up for sale last year, said Paramount’s updated offer was "superior" to Netflix’s proposal. Read more in our articles including "Discovery merger with WarnerMedia to create Warner Bros Discovery" and "Paramount Wins Warner Bros over as Netflix Walks Away from Mega Deal".