Paramount Skydance surged after reaching a roughly $110 billion agreement to merge with Warner Bros. Discovery, expanding its scale across film, television, and streaming into one of the largest content portfolios in Hollywood.
Shares of multinational media and entertainment corporation Paramount (NASDAQ:PSKY)
jumped 20.5% in the afternoon session after its main competitor, Netflix, withdrew from the bidding war for Warner Bros. Discovery, clearing the path for Paramount's acquisition of the media giant.
In a move that signals the definitive end of the independent era for one of Hollywood’s most storied institutions, the Board of Directors of Warner Bros. Discovery (NASDAQ: WBD) has officially accepted a "superior" $31-per-share all-cash takeover bid from the newly consolidated Paramount Skydance (NASDAQ: PSKY). The deal, valued
As of February 27, 2026, the global media landscape has been irrevocably altered. For years, the industry speculated on the "endgame" of the streaming wars, envisioning a final consolidation where only three or four titans would remain. That vision became a reality this week. Following months of high-stakes negotiations, Netflix (NASDAQ: NFLX) officially walked away [...]
Date: February 27, 2026By: Financial Research Division Introduction On February 27, 2026, the global entertainment landscape witnessed a rare moment of corporate restraint that sent shockwaves through Wall Street. Netflix (NASDAQ: NFLX) shares surged 12.8% in early trading after Co-CEOs Ted Sarandos and Greg Peters announced the company would officially withdraw from the bidding war [...]
PSKY shares could remain highly volatile in the near term as Warner Bros. Discovery formally decides on its offer and the deal enters a regulatory review.
On this February 26, 2026, the media landscape stands at a definitive crossroads. Warner Bros. Discovery (Nasdaq: WBD), a company born from a debt-heavy $43 billion merger in 2022, is no longer just a content powerhouse—it has become the ultimate prize in a high-stakes consolidation endgame. Following its Q4 2025 earnings report, WBD finds itself [...]
The latest prediction market odds for the winner of the WBD acquisition saga come after Paramount raised its takeover offer to $31 per share, up from $30 per share.
