Warner Bros to be acquired by Paramount in $110 billion deal | The IndependentNotifications can be managed in browser preferences.Jump to contentIndependentSwipe for next articleIndependent Bulletin homepageDownload ourSocial PartnerWe are 8 logo (opens in a new tab)AllNewsSportCultureLifestyleKarol Badohal & Harshita Mary VargheseSaturday 28 February 2026 00:47 GMTParamount To Win Bidding War For Warner Bros As Netflix Drops OutWarner Bros Discovery (WBD.O) has agreed to a $110 billion acquisition by ParamountSkydance (PSKY.O), concluding a competitive bidding process.This agreement follows Netflix's withdrawal from talks after Paramount's superior $31−per−share offer for Warner Bros′ studio and streaming assets, which surpassed Netflix′s earlier $27.75-per-share agreement.California regulators are preparing a vigorous review of the acquisition, which could reshape Hollywood, although European Union antitrust approval is anticipated to be straightforward.The $110 billion deal, which includes approximately $29 billion in debt, is set to create one of the world's largest film studios, enabling Paramount to utilize Warner's extensive intellectual property and bolster its streaming efforts.Lawmakers and cinema operators have expressed concerns that the merger could lead to reduced consumer choice, higher prices, job losses and a decrease in the number of films released in cinemas.In fullParamount to buy Warner Bros in $110 billion deal after Netflix back out of bidding warThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in