US EditionWarner Bros. Discovery signs merger agreement with Paramount Skydance
The $110 billion deal ends a bidding war after Netflix withdrew, creating a media giant with over 15,000 titles and expected $6 billion in cost savings, subject to regulatory approval.
- On Friday, Warner Bros Discovery agreed to be acquired by Paramount Skydance in a $110 billion deal signed this morning after Netflix declined to match Paramount's $31-per-share offer, Warner Bros chief revenue and strategy officer Bruce Campbell said.
- Paramount pursued Warner Bros since late last year with a hostile campaign led by David Ellison, son of Larry Ellison, and pressured by activist investor Ancora Holdings.
- The deal includes about $29 billion in debt, and Paramount agreed to pay the $2.8 billion termination fee Warner Bros owes Netflix, while raising its regulatory-failure fee to $7 billion.
- Lawmakers warned the acquisition could reduce choices and raise prices, while cinema operators cautioned about job losses and fewer theatrical releases; California AG Bonta said the state is investigating and will be `vigorous` in its review.
- Reuters said EU antitrust approval is expected to be relatively straightforward with minor divestments likely, and the deal positions Paramount to combine HBO Max and Paramount+ to bolster streaming against Netflix.
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Billionaire son David Ellison could soon have a unique media empire in his hands, in the form of Warner Brothers-Paramount-Skydance. But before the deal is complete, it must be approved – here are three questions to consider.
After several months of negotiations, Warner Bros Discovery accepted Paramount Skydance's bid for a multimillion dollar amount
Warner Bros. Discovery and Paramount Skydance sign merger agreement
(KYMA, NBC) - Warner Bros. Discovery (WBD) and Paramount Skydance announced they have signed a more than $110 billion merger agreement Friday. This comes a day after Netflix announced they declined to raise its offer for WBD after the company told Netflix that Paramount's latest offer was superior. Earlier this week, Paramount raised its previous offer from $30 per share to $31 per share after WBD gave Paramount a week to come up with a "best an…
The result was almost inevitable after Netflix announced Thursday that he would not submit a new proposal to match or exceed Paramount.
Radio France Internationale
LaProvence.comThe American television and film group Paramount Skydance will take over its competitor Warner Bros Discovery (WBD), valued $110 billion including debt, he announced Friday, February 27, 2026. This takeover puts an end to a long-term battle with Netflix, who has given up bidding and abandoned the race on Thursday.
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