Companies

Paramount Skydance to Acquire Warner Bros. Discovery in $110 Billion Deal

Paramount+, HBO Max, and Pluto TV will operate under one umbrella. The deal, currently awaiting regulatory approval, is expected to close in the third quarter.
Paramount Skydance to Acquire Warner Bros. Discovery in $110 Billion Deal
The main gate of Paramount Pictures Studios in Los Angeles on Feb. 27, 2026. Mario Anzuoni/Reuters
Kimberly Hayek
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Paramount Skydance Corporation revealed Friday that it has agreed to acquire Warner Bros. Discovery for cash—a transaction valued at $110 billion. The deal ends a hostile takeover bid and a bidding war for the company that included offers from Netflix. 
Each company’s board unanimously signed off on the merger. Under the new deal, Paramount+, HBO Max, and Pluto TV will operate under one umbrella. Paramount is set to pay $31 per share for outstanding Warner Bros. Discovery shares. 
Kimberly Hayek
Kimberly Hayek
Author
Kimberly Hayek is a reporter for The Epoch Times. She covers California news and has worked as an editor and on scene at the U.S.-Mexico border during the 2018 migrant caravan crisis.