The planned merger would unite Paramount’s CBS, MTV, Comedy Central and BET with Warner’s CNN, HBO, TNT and Food Network, along with franchises including Game of Thrones, Mission: Impossible, the DC Universe and SpongeBob SquarePants under one roof. The combined entity is expected to carry roughly $79 billion in net debt, according to Reuters, and could be considered the largest leveraged buyout in history. The deal is expected to close in the back half of 2026, pending regulatory approval.
"[Nini]'s coming to the end of its lifetime," he says.
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