Home / Business and Economy / Paramount Buys Warner Bros. Discovery for $31B
Paramount Buys Warner Bros. Discovery for $31B
27 Feb
Summary
- Paramount will acquire Warner Bros. Discovery for $31 per share.
- The deal has been unanimously approved by both companies' boards.
- The merger is expected to be finalized by Q3 2026.
Paramount has officially agreed to acquire Warner Bros. Discovery (WBD) for $31 per share in cash. This monumental merger, formally announced on Friday, has received unanimous approval from the Boards of Directors of both companies. The transaction is slated for completion in the third quarter of 2026, contingent upon regulatory clearances and shareholder approval.
Should the merger not close by September 30, 2026, WBD shareholders will receive a quarterly ticking fee of $0.25 per share. This strategic union is poised to establish a leading global media and entertainment company, enhancing consumer choice through combined streaming platforms and a rich intellectual property portfolio.
The combined company will boast popular franchises such as Game of Thrones, Mission Impossible, Harry Potter, and the DC Universe. David Ellison, CEO of Paramount, expressed excitement for the future, emphasizing the acceleration of a next-generation media and entertainment vision. Shareholders are expected to vote on the deal in early spring 2026.
