Paramount's Top Gun pays Netflix $2.8 billion breakup fee — Bloomberg

LootboxPhobia · 2026-02-27T20:54:23+00:00

Paramount's Sky Dance Company paid $2.8 billion in breakup fees to Netflix after Netflix abandoned its plan to acquire part of Warner Bros. Warner Bros. is expected to officially announce the acquisition agreement with Paramount on Friday.

LootboxPhobia

2026-02-27 20:54:23

Abstract generation in progress

Investing.com – According to Bloomberg News, citing sources, Paramount Skydance Corp. has paid Netflix $2.8 billion in breakup fees after the streaming company abandoned its plan to acquire certain assets of Warner Bros. Discovery Inc.

Sources say Warner Bros. is expected to officially announce the signing of an acquisition agreement with Paramount later on Friday. The sources requested anonymity because they are not authorized to speak publicly.

Netflix announced on Thursday that it would withdraw from bidding to acquire Warner Bros. Studios and HBO Max streaming assets, paving the way for Paramount to acquire the entire company at $31 per share.

This article was translated with the assistance of artificial intelligence. For more information, please see our Terms of Use.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.