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Feb 28

Paramount is officially buying Warner Bros. Discovery for massive $110 billion. Deal with Netflix for $82.7 billion failed, so WB decided to accept more attractive offer from Paramount instead. If regulators approve it, merger will close in 3rd quarter of this year. As result, Paramount will get HBO, HBO Max and Warner Bros. Studios, plus TV networks like CNN, TNT Sports, Discovery and Discovery+ service. https://deadline.com/2026/02/massive-merger-confirmed-paramount-and-wbd-reveal-details-1236738785

Deadline

Massive Merger Confirmed: Paramount And WBD Reveal Details Of $110 Billion Deal

It’s official. Warner Bros. Discovery is selling itself to Paramount for $31 a share in cash. The companies unveiled their formal agreement on Friday.