David Ellison used political ties, deep pockets to buy Warner Bros.
Published on: Feb. 28, 2026, 6:57 a.m. | Source: The Economic Times
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.
