Paramount Skydance Acquires Warner Bros Discovery for $31/Share, Outmaneuvering Netflix
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Paramount Skydance Wins Warner Bros Discovery in $31-a-Share Deal, Netflix Bows Out
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Storyboard•27-02-2026, 09:22
Paramount Skydance Wins Warner Bros Discovery in $31-a-Share Deal, Netflix Bows Out
•Paramount Skydance outbid Netflix to acquire Warner Bros Discovery (WBD) in a $31-per-share deal.
•Netflix declined to increase its offer, stating the revised valuation did not align with its financial criteria, causing its shares to surge over 10%.
•Billionaire Larry Ellison's financial backing significantly strengthened Paramount Skydance's bid, which included a higher cash component and increased termination fees.
•The Ellison Trust committed $45.7 billion in equity financing, with major financial institutions providing $57.5 billion in debt financing.
•The merger faces significant regulatory hurdles, including scrutiny from California's Attorney General and potential examination by European regulators.
