Paramount

Paramount Skydance will acquire Warner Bros Discovery in a $110 billion (€93 billion) transaction, ending a high-stakes bidding war after Netflix declined to match Paramount’s latest offer, the companies said. The deal, with an equity value of about $81 billion, is slated to close in the third quarter of 2026, pending regulatory approvals and other customary conditions. Reuters first reported that a deal had been reached, citing an audio clip from a global town hall. Shares of Paramount rose about 1% in extended trading,…

Paramount Skydance has launched a hostile $108.4 billion bid for Warner Bros Discovery, moving to upend Netflix’s newly struck agreement and escalate one of the decade’s most consequential battles for Hollywood’s crown jewels. The move arrives days after Netflix emerged from a weeks-long bidding war with a $72 billion equity deal for Warner Bros Discovery’s TV, film and streaming assets — an offer valued at $82.7 billion including debt and carrying a $5.8 billion break-up fee from Netflix. The streaming giant’s bid, already…