In a flurry of deal offers in the high tens of billions of dollars, the bidding war for Warner Bros. David Ellison-owned Paramount will acquire Warner Bros. On Thursday, Warner Bros. Discovery announced that Paramount Skydance’s newest offer of $31 a share was a “superior proposal,” giving Netflix four business days to counter. Despite several hostile takeover bids by Paramount, Warner Bros.

Source: CNN February 27, 2026 10:47 UTC