US EditionParamount’s $110 Billion Warner Bros Deal Poised to Win FCC Backing, FT Reports
Paramount's $31-per-share bid tops Netflix's offer, amid regulatory reviews by the U.S. Department of Justice and 50 global bodies, signaling major industry shifts.
- Last week, Paramount secured a deal to acquire Warner Bros. Discovery in a $110B transaction after Netflix bowed out of bidding on Feb. 26.
- Backed by an aggressive guarantee, Paramount Skydance raised its offer to $31 per share, surpassing Netflix, which declined to match on Thursday.
- On Last Week Tonight, Oliver quipped `It turns out we might be getting a new business daddy,` and joked `Oh shit, I'm in Paramount now. How the fuck do I get out of this?` while mocking ownership changes.
- Paramount Skydance Corp. faces regulatory hurdles with 50 bodies and warns of $16 billion in cuts, eliminating thousands of jobs in 18 months, according to industry figures.
- Netflix CEO Ted Sarandos said the company decided earlier not to match the superior offer and will use the $2.8 billion termination fee to keep investing, remaining unlikely to pursue another major acquisition soon.
38 Articles
38 Articles
Paramount’s $110 billion Warner Bros deal poised to win FCC backing, FT reports
March 3 (Reuters) – U.S. Federal Communications Commission Chair Brendan Carr has signaled that the watchdog will not seek to block Paramount’s $110 billion deal to buy Warner Bros and played down competition concerns over a combination of CBS and CNN, the Financial Times reported on Tuesday. Carr told the FT in an interview at Mobile World Congress in Barcelona on Monday that there had been “concerns raised in Washington about…
John Oliver Swipes at Paramount’s WBD Takeover Deal: ‘How the F*ck Do I Get Out of This?’
“Yeah, not great news. In fact, if I may quote anyone who’s ever accidentally sat on their Roku remote: ‘Oh shit, I’m in Paramount now, how the fuck do I get out of this?’” —John Oliver, on news that Paramount is on track to become his new “business daddy.” pic.twitter.com/PZq68jjNne — LateNighter (@latenightercom) March 2, 2026 John Oliver reacted to Paramount’s planned acquisition of Warner Bros. Discovery by quipping that the takeover was “no…
John Oliver Torches WBD Paramount Deal: 'Not Great News'
In his first “Last Week Tonight” monologue since Paramount emerged victorious in the acquisition of Warner Bros. Discovery, John Oliver torched the deal as he prepares to get a “new business daddy” in Paramount CEO David Ellison. “It turns out we might be getting a new business daddy,” Oliver said during the opening monologue before flashing to the news that Paramount Skydance will take over the WBD acquisition after Netflix backed out of the de…
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