business · 2 outlets · 2 linked reports
Paramount Skydance Buys Warner Bros. Discovery in a $111 Billion Megadeal
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Summary
- Paramount Skydance agreed to acquire Warner Bros. Discovery for $110.9 billion ($31 a share in cash), announced February 27, 2026, uniting two Hollywood giants.
- WBD shareholders approved the merger on April 23, 2026, and it's expected to close in Q3 2026 pending regulatory clearance.
- Paramount won a months-long auction after Netflix withdrew its rival bid, setting up scrutiny over how combining major studios and networks affects competition.
The question
Consolidating Hollywood's giants is necessary to survive the streaming era.
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