Warner agrees to takeover by Paramount | EUROtoday

As of: February 28, 2026 • 12:30 a.m

Paramount has apparently prevailed within the bidding struggle for the Hollywood firm Warner Bros. Discovery. The US information channel CNN would additionally change possession. Rival Netflix had beforehand withdrawn.

After a spectacular bidding struggle, the Hollywood group Warner Bros. Discovery has agreed to be taken over by Paramount Skydance. The firms introduced {that a} corresponding settlement had been signed.

On Thursday, rival Netflix withdrew from the bidding dispute, paving the way in which for Paramount to take over the Hollywood veteran. This signifies that the information channel CNN is prone to come beneath the management of the household of tech billionaire Larry Ellison, who is taken into account a Trump supporter.

Three digits billions as the acquisition value

Paramount, which was acquired by the Ellisons final yr, not too long ago elevated its bid for Warner from $30 to $31 per share. This provided entrepreneurs round 111 billion {dollars} (94 billion euros). Netflix would nonetheless have had the chance to make a counteroffer. But the streaming supplier defined that the deal would then not be financially enticing.

California Attorney General Rob Bonta introduced a contest overview and warned that Paramount’s deliberate takeover of Warner was not but sure. The U.S. Film and Television Writers’ Union stated the lack of competitors could be a disaster for writers, customers and your entire leisure trade.