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Economy News

The Economic Times

Economy / The Economic Times

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David Ellison used political ties, deep pockets to buy Warner Bros.

Paramount's David Ellison has successfully acquired Warner Bros. Discovery. Ellison's company outbid Netflix in a surprising turn of events. This massive deal creates one of the largest entertainment empires globally. Paramount and Warner Bros. announced their merger agreement. The transaction is valued at $110 billion. This marks a significant victory for Ellison in the competitive media landscape.

28 Feb 2026 6:57 am