Proposed acquisition of Warner Bros. Discovery by Paramount Skydance
2027 business transaction involving Warner Bros. Discovery and Paramount Skydance
On February 27, 2026, Paramount Skydance announced its intent to acquire Warner Bros. Discovery (WBD). As part of their definitive agreement, the company was to acquire WBD for $31 per share, valuing the company at $110.9 billion. The acquisition is being funded by the Ellison family and RedBird Capital Partners, with additional funding being provided by the sovereign wealth funds of Saudi Arabia, Qatar, and the United Arab Emirates (which will hold non-voting shares in the company). The acquisition came following initial plans by WBD to split back into two companies, separating its less-profitable linear television assets (including the legacy Turner networks such as CNN) from the flagship Warner Bros. studio business, HBO, and streaming service HBO Max.
After Paramount began making unsolicited offers to acquire WBD as a whole, the WBD board of directors placed the company up for auction on October 21, 2025, to maximize shareholder value. The auction was won in December 2025 by Netflix, Inc., which offered $82.7 billion to acquire just the Warner Bros. studio business. Paramount continued to make unsolicited offers for the entirety of WBD, arguing that a Netflix acquisition of Warner Bros.
Begin with the source’s own compact description: “Proposed acquisition of Warner Bros. Discovery by Paramount Skydance” is 2027 business transaction involving Warner Bros. Discovery and Paramount Skydance. The dossier treats that line as a proposition to test through Proposed, acquisition and Warner, not as a finished interpretation.
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The citation trail is more important than the brevity of the summary: it shows where individual claims can be examined in context. The source revision retrieved here is dated Sep 23, 2026. The linked authority identifier is Q137218467. None of the 0 selected statements returned an explicit reference. The first chronological checks are 2026 and 2025.
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This entry incorporates text from “Proposed acquisition of Warner Bros. Discovery by Paramount Skydance” on English Wikipedia. Contributors are listed in the page history. Text is available under the Creative Commons Attribution-ShareAlike 4.0 License. Selected authority identifiers and statements are retrieved from Wikidata under CC0; their references and qualifiers remain part of the verification path.