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It’s a Deal: Paramount and Warner Bros. Discovery Unveil $111 Billion Megamerger, $31 per share for WBD, including a ticking fee payable to shareholders equal to $0.25 per quarter beginning after Sept. 30, 2026, as well as a $7 billion regulatory termination due to regulatory matters.


In a major turn of events, Netflix backed away from its $87.2 billion deal on Thursday.

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