arista
27-02-2026, 10:40 PM
https://www.reuters.com/legal/litigation/warner-bros-signs-110-billion-deal-with-paramount-ends-bidding-war-with-netflix-2026-02-27/
This will be terrible for CNN
[Feb 27 (Reuters) - Warner Bros Discovery (WBD.O),
opens new tab has agreed to be acquired by
Paramount Skydance (PSKY.O), opens new tab in
a $110 billion deal, ending a high-stakes bidding war
after Netflix walked away from its agreement
with the HBO Max owner.
The deal, with an equity value of $81 billion,
is expected to close in the third quarter of 2026,
the companies said on Friday.
Reuters first reported on Warner Bros Discovery and Paramount
signing a deal earlier in the day, citing an audio clip
of a global townhall held by the company.]
This will be terrible for CNN
[Feb 27 (Reuters) - Warner Bros Discovery (WBD.O),
opens new tab has agreed to be acquired by
Paramount Skydance (PSKY.O), opens new tab in
a $110 billion deal, ending a high-stakes bidding war
after Netflix walked away from its agreement
with the HBO Max owner.
The deal, with an equity value of $81 billion,
is expected to close in the third quarter of 2026,
the companies said on Friday.
Reuters first reported on Warner Bros Discovery and Paramount
signing a deal earlier in the day, citing an audio clip
of a global townhall held by the company.]