Paramount to acquire Warner Bros. Discovery for estimated $110 billion
Paramount has acquired Warner Bros. Discovery for an estimated $110 billion and plans to merge Paramount+ and HBO Max into a single streaming platform.
Saturday, October 17, 2026
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Paramount has acquired Warner Bros. Discovery for an estimated $110 billion and plans to merge Paramount+ and HBO Max into a single streaming platform.
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Netflix has declined to raise its bid for Warner Bros. Discovery, leaving Paramount Skydance set to acquire the studio after Netflix shareholders appeared skeptical of the deal.
Paramount has emerged as the likely winner to acquire Warner Bros. Discovery for $111 billion, as Netflix withdraws from the bidding war.
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Paramount will acquire Warner Bros. Discovery for about $111 billion, ending a bidding war after Netflix declined to match the offer and accepted a $2.8 billion termination fee.
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