Skip to navigationSkip to main contentSkip to right columnADVERTISEMENTSubhasree KarTue, August 18, 2026 at 7:32 PM GMT+2 6 min readParamount logo is seen at the entrance to Paramount Global's office By Tada ImagesParamount Skydance Corporation (PSKY) investors are facing another major development as the company considers whether selling CNN could help clear a key regulatory obstacle to its proposed acquisition of Warner Bros. Discovery (WBD).Paramount and WBD first announced a definitive merger agreement on Feb. 27, under which Paramount agreed to acquire WBD for $31 per share in cash, valuing the transaction at approximately $81 billion in equity value and $110 billion in enterprise value. The deal was initially expected to close in the third quarter of 2026, subject to regulatory and shareholder approvals.More News from BarchartBarron Trump, 20, Now Worth $150 Million — More Than Mom, Melania — From Crypto And $39 Energy DrinkHuge Unusual Long-Dated Call Options in Oracle Corp - A Covered Call ORCL Play?