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Paramount's $31 Offer for Warner Bros. Sparks Media Buzz

3/2/2026

29 5 Full Breakdown

Summary

Story summary

Paramount plans to buy Warner Bros. Discovery shares for $31 per share, with closing expected in Q3 2026, pending regulatory approvals.
John Oliver discussed the deal on Last Week Tonight, joking about a "new business daddy."
Oliver recalled his criticisms of Paramount, including urging it to stay away from HBO and calling it a "soulless".
Netflix decided not to raise its bid for Warner Bros. after Paramount's offer was deemed superior.

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Story summary

Paramount plans to buy Warner Bros. Discovery shares for $31 per share, with closing expected in Q3 2026, pending regulatory approvals.
John Oliver discussed the deal on Last Week Tonight, joking about a "new business daddy."
Oliver recalled his criticisms of Paramount, including urging it to stay away from HBO and calling it a "soulless".
Netflix decided not to raise its bid for Warner Bros. after Paramount's offer was deemed superior.