In a dramatic twist that has Hollywood buzzing and Wall Street watching closely, Paramount Skydance has pulled off one of the most audacious deals in recent media history. In late February 2026, Warner Bros. Discovery (WBD) accepted Paramount’s $31-per-share bid, valuing the transaction at roughly $110–111 billion—a figure that stunned many who had expected Netflix to seal the prize after months of speculation.

This isn’t just another corporate marriage of studios, streamers, and cable networks. At its core, the deal carries a deep personal dimension: David Ellison, the ambitious CEO of Paramount Skydance, is the son of Larry Ellison, Oracle’s co-founder and one of the world’s wealthiest individuals. Larry’s…