Warner Bros. Discovery CEO David Zaslav Issues Farewell Video
CEO David Zaslav released a farewell message to staff as the company prepares for its acquisition by Skydance, which is set to close on Tuesday.
Warner Bros. Discovery CEO David Zaslav has released a farewell video to employees via the company's internal portal. The message comes just ahead of the acquisition of Warner Bros. Discovery by Skydance, which is scheduled to close on Tuesday, according to Deadline.com.
The transaction, valued at $110 billion, follows an agreement inked less than eight months prior to the closing date. Warner Bros. Discovery was originally formed when Discovery acquired WarnerMedia from AT&T in April 2022.
The deal marks a significant shift for the media conglomerate as it transitions under the leadership of David Ellison and the Skydance organization.
Quick answers
When is the Skydance acquisition of Warner Bros. Discovery closing?
The acquisition is scheduled to close on Tuesday.
What is the value of the transaction?
The sale of Warner Bros. Discovery is valued at $110 billion.