Warner Bros signs $110 billion deal with Paramount, its executive discloses in townhall

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. Paramount was in pursuit of Warner Bros since late last year when it launched a hostile campaign to wrestle the company from the streaming giant by consistently raising its offer.