What is the total value of the Paramount Skydance acquisition of Warner Bros. Discovery?

The acquisition of Warner Bros. Discovery by Paramount Skydance is valued at $110 billion.

Which major franchises will be part of the combined Paramount Skydance and Warner Bros. Discovery entity?

The combined entity will include franchises such as Harry Potter, Game of Thrones, the DC Universe, Mission Impossible, and SpongeBob SquarePants.

When is the Paramount Skydance and Warner Bros. Discovery deal expected to close?

The transaction is expected to close in the third quarter of 2026, pending regulatory approvals.

Home / Business and Economy / Paramount Skydance Buys Warner Bros. in $110B Media Mega-Deal

Paramount Skydance Buys Warner Bros. in $110B Media Mega-Deal

28 Feb

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Summary

Paramount Skydance announced Warner Bros. Discovery acquisition for $110 billion.
Netflix exited the bidding, unable to match Paramount's final offer.
The deal combines CNN, HBO, DC Universe, Harry Potter, and SpongeBob.

Paramount Skydance Buys Warner Bros. in $110B Media Mega-Deal

Paramount Skydance has officially announced its intention to acquire Warner Bros. Discovery in a landmark $110 billion transaction. This significant deal concludes a five-month bidding war, with Netflix ultimately withdrawing its offer after being outbid by Paramount's final proposal.

The combined entity will integrate celebrated franchises like Harry Potter, Game of Thrones, and the DC Universe, along with major networks including CNN, HBO, and Nickelodeon. The agreement, valued at $81 billion in equity plus debt, has received unanimous approval from both companies' boards. Shareholders are expected to see the deal close in the third quarter of 2026.