Warner Bros Discovery signs $110 billion deal with Paramount Skydance
India Today
Warner Bros Discovery agreed to a $110 billion acquisition by Paramount Skydance after Netflix declined to match the offer, creating a media powerhouse set to reshape Hollywood and streaming competition.
Warner Bros Discovery has agreed to be acquired by Paramount Skydance in a $110 billion deal signed on Friday morning, according to an audio clip of a global townhall by the company, which was reviewed by Reuters.
"Netflix had the legal right to match the PSKY offer. As you all know, they ultimately decided not to do that. That then resulted in a signed agreement with PSKY as of this morning. So that's where everything stands," Bruce Campbell, Warner Bros' chief revenue and strategy officer, said in the townhall.
Paramount and Warner Bros did not immediately respond to requests for comment.
The deal - which includes some $29 billion in debt - is among Hollywood's biggest media shake-ups and will create one of the largest film studios in the world, allowing Paramount to tap Warner's trove of intellectual property, including franchises such as "Fantastic Beasts" and "The Matrix".
It will also allow Paramount to bolster its streaming efforts, with a potential combination of HBO Max and Paramount+, enabling it to gain market share and tussle with market leader Netflix.
The agreement caps a bidding war after Netflix declined to match Paramount's latest $31-per-share offer, which was deemed superior by Warner Bros to the streaming pioneer's $27.75-per-share agreement for its assets.
Quick commerce has become the go-to option for instant groceries and food deliveries. But with LPG prices rising and supply concerns growing, the cost pressure may be building behind the scenes. Could this soon make your quick commerce orders costlier? Let's have a look.
Sensex has declined over 6,000 points or roughly 7.5% in a little over two weeks as global tensions and rising oil prices triggered selling in equities.
Speaking in Parliament, Union Petroleum and Natural Gas Minister Hardeep Singh Puri said India has adequate fuel stocks, and there is no cause for concern over availability.
Industry sources told India Today TV that airline operators are now paying additional insurance charges for every aircraft flying into the Middle East, significantly increasing the cost of operations on these routes.
Under law, a domestic household is generally allowed to keep two LPG cylinders of 14.2 kg each at a time. This usually includes one cylinder connected for use and another spare cylinder kept as backup.
Early signals from GIFT Nifty suggest that the benchmark indices could open lower when trading begins. GIFT Nifty futures were trading at 23,784.50 at around 7:58 am. This indicates that the Nifty 50 may open below Wednesday's closing level of 23,866.85.
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The move comes as global energy markets remain on edge due to escalating tensions linked to the conflict involving Iran, which has raised fears of disruptions to crude oil shipments from the Middle East.
India consumes roughly 5.3 to 5.5 million barrels of crude oil every day. However, domestic production is only about 0.6 million barrels per day. This means the country depends on imports for nearly 85% of its oil needs.
At around 10:47 am, the BSE Sensex was down 750.68 points or 0.96% at 77,455.30, while the Nifty 50 slipped 208.25 points or 0.86% to 24,053.35.
Air India said the fuel surcharge is due to the sharp rise in aviation turbine fuel (ATF) prices since early March 2026, triggered by supply disruptions in the Gulf region.
Rahul Bhatia expressed gratitude to employees who worked tirelessly to restore operations during that challenging period, praising their resilience and dedication.