Latham & Watkins Advises Paramount in Acquisition of Warner Bros. Discovery to Form Next-Generation Global Media and Entertainment Company
Paramount Skydance Corporation (NASDAQ: PSKY) (Paramount) and Warner Bros. Discovery, Inc. (NASDAQ: WBD) (WBD) have announced they have entered into a definitive merger agreement under which Paramount will acquire WBD, forming a premier global media and entertainment company focused on expanding consumer choice and empowering creative talent worldwide.
Latham & Watkins LLP represents Paramount in the transaction with an M&A team led by New York partner Ian Nussbaum, Chicago partner Max Schleusener, and Los Angeles partners Rick Offsay and Liliana Ranger, with associates Daniel Weissman, Maddy Berg, Sam Lehman, Emma Giusto, and Jamie Reinah. Advice was also provided on capital markets matters by New York partners Benjamin Cohen and Kaj Nielsen; on finance matters by New York partner Joshua Tinkelman and Washington, D.C. partner Jason Licht; on tax matters by Los Angeles partner Pardis Zomorodi; on benefits matters by Los Angeles partner Julie Crisp; on labor matters by Chicago partner Nineveh Alkhas; on intellectual property and data and technology transactions matters by Orange County partner Ghaith Mahmood; on real estate matters by New York partner Dara Denberg; on US antitrust matters by Bay Area partner Joshua Holian, New York partner Katherine Rocco, and Washington, D.C. partners Andrew Forman, Bill Rinner, Caitlin Fitzpatrick, and Peter Todaro, with associates Doug Tifft and Charlotte Yeung; on non-US antitrust matters by Brussels partners Héctor Armengod, Carles Esteva Mosso, and Anthemis Economou, and London partner Jonathan Parker; on FDI matters by Hamburg partner Jana Dammann de Chapto; on FCC matters by Washington, D.C. partners Matthew Brill and Elizabeth Park; on regulatory matters by Washington, D.C. partners Paul Rosen and James Barker and counsel Ruchi Gill; on activism matters by Chicago partner Chris Drewry and New York counsel Adam Tamzoke; and on litigation matters by New York partners Blair Connelly and Zachary Rowen.