In a significant turn of events, Paramount Skydance has successfully secured the acquisition of Warner Bros. Discovery, signing a $110 billion deal as confirmed by Bruce Campbell, Warner Bros’ chief revenue and strategy officer. This agreement comes after Netflix opted not to match Paramount's revised offer of $31 per share, which surpassed Netflix's bid of $27.75 per share. Netflix's co-CEOs, Ted Sarandos and Greg Peters, stated that the deal was 'no longer financially attractive,' leading to a surge of more than 9% in Netflix shares during premarket trading, reflecting investor approval of the company's strategic pivot towards internal growth rather than aggressive acquisitions, as noted by Business Recorder on February 27, 2026.
BUSINESS
Paramount Acquires Warner Bros For $110 Billion In Media Deal
45% NEUTRAL
Paramount Skydance acquires Warner Bros. Discovery for $110B, outbidding Netflix. Analysts praise Netflix's shift to internal growth, while Paramount strengthens its media position amid industry ch...
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