Paramount-Warner Megadeal Shakes Up Canada TV

Paramount just seals a massive megadeal to acquire Warner Bros. Discovery, and it's poised to totally upend Canada's fierce battle for TV viewers with combined powerhouses like HBO, DC Universe, and Paramount franchises. The $31-per-share cash buyout values WBD at $81 billion equity, promising $6 billion in synergies from tech integrations and efficiencies, though it's loaded with up to $90 billion in debt that could spark Hollywood layoffs.