Paramount and California to Hold Preliminary Talks on Warner Bros. Deal
Reported by New York Times Business · nytimes.com · August 22, 2026
The discussions on Monday are an early effort to resolve a lawsuit that California and 11 other states filed to block Paramount’s $111 billion acquisition of Warner Bros. Discovery.
What the tape says
What to watch: Warner Bros. Discovery Inc. (WBD, XYZ, PARA) is involved in M&A activity valued around $111 billion — deal terms and financing structure matter more than the headline here.
Market reaction today: $WBD +0.53%, $XYZ -0.95%, $PARA -7.69%
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