US media giant Skydance has agreed to acquire Warner Bros. Discovery under the leadership of co-CEO David Ellison. The deal is reportedly valued at approximately ¥17 trillion.
US media giant Skydance has reportedly reached an agreement to proceed with the acquisition of Warner Bros. Discovery under the direction of co-CEO David Ellison. The acquisition is said to be worth approximately ¥17 trillion, and Skydance is expected to bring businesses including streaming, film and news under its control.
Through the acquisition, Skydance is reportedly seeking to become the next US media powerhouse, with the Ellison family's financial resources and political connections said to have worked in its favour during negotiations. The influence of Larry Ellison, regarded as the senior figure in the Ellison family, has been cited as a factor behind the deal in terms of both funding and negotiation strategy.
The transaction could integrate and strengthen Warner Bros. Discovery's multiple businesses, including film, video streaming and news, and solidify its position as a global content powerhouse, according to some analyses. As with previous reports, the article indicates that further updates are awaited, including comments from the parties involved and the timing of a formal announcement.