Warner Bros. and Paramount signed an agreement agreeing to be acquired by them.

On February 27, local time, Warner Bros. Discovery has signed a $110 billion deal with Paramount Tiangong Corporation in the morning, agreeing to be acquired by the latter. It is reported that this deal includes about $29 billion in debt, making it one of the largest mergers in Hollywood in recent years. After the merger is completed, Paramount will gain access to Warner Bros.'s rich intellectual property resources, including series such as "Fantastic Beasts" and "The Matrix." However, some analysts believe that this merger is expected to face antitrust scrutiny from regulators in the United States and overseas.