Companies

It's official! Paramount buys Warner Bros Discovery in historic $110 billion deal as Netflix drops out of race

February 28, 2026

Paramount Skydance has officially acquired Warner Bros Discovery in a groundbreaking $110 billion deal, marking the end of a competitive bidding war that saw Netflix withdraw from the race. The merger will create a formidable media entity, consolidating major brands and over 15,000 film titles, and is expected to finalize in the third quarter of 2026.

It's official! Paramount buys Warner Bros Discovery in historic $110 billion deal as Netflix drops out of race

Credit: Livemint

Key Highlights

Paramount's acquisition of Warner Bros Discovery is valued at $110 billion.
Netflix opted not to match Paramount's bid, citing financial concerns.
The merger will combine major media properties, including HBO and CNN.
The deal is anticipated to close in the third quarter of 2026.
Billionaire Larry Ellison played a significant role in facilitating the deal.

Sources

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

It's official! Paramount buys Warner Bros Discovery in historic $110 billion deal as Netflix drops out of race

Key Highlights

Sources

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