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Paramount Wins Battle for Warner Bros Discovery

Published March 2, 2026, 09:12
Paramount Wins Battle for Warner Bros Discovery

The major acquisition in the global television, film production, and media industry appears to have closed late Friday. Warner Bros Discovery agreed to the takeover bid from Paramount Skydance for $110 billion. This ends a high-stakes bidding war after Netflix withdrew from its deal with the HBO Max owner. The deal, with a stock value of $81 billion, is expected to close in the third quarter of 2026, the companies announced Friday. The merger will create a major media force, combining major studios and networks such as CNN and CBS. The combined company will have a library of over 15,000 titles and popular franchises, including “Game of Thrones,” “Mission Impossible,” “Harry Potter,” and the DC Universe, the companies said in a statement. Paramount, led by the son of billionaire Larry Ellison, David Ellison, has deep political ties to the Trump administration, which could help it secure more favorable treatment from regulators. The acquisition is expected to have significant implications for the global media industry, creating a new player with enormous power and influence. The agreement must be approved by the relevant regulatory authorities.