Paramount officially acquired Warner Bros
Paramount officially acquired Warner Bros. for $11.1 billion, according to Yahoo Finance.
Initially, Netflix wanted to buy the film studio, but Paramount outbid its offer, and two days ago, Netflix withdrew from the competition.
Now, the deal must be approved by regulators.
Among the films that will change owners if the deal is approved are "Harry Potter", "The Lord of the Rings", "Friends", "Game of Thrones", and "The Big Bang Theory".
The whole purpose of this investment is to support Israel, which is pretty wild if you think about it. Ellison has acquired the US rights to Tik Tok and numerous media companies to aid a country he doesn't even live in.
Source: Telegram "Slavyangrad"