This market will resolve according to the first entity that acquires control of Warner Bros. Discovery's studios and streaming businesses by June 30, 2027, 11:59 PM ET.
Transactions that involve only Warner Bros. Discovery's linear television networks, news channels, or other non-studio, non-streaming assets, without also transferring control of its studios and streaming businesses, will not qualify.
Announcements of non-finalized arrangements — including, the currently announced Netflix agreement to acquire Warner Bros. Discovery’s studios and streaming businesses — will not qualify.
If no entity acquires control of Warner Bros. Discovery's studios and streaming businesses by June 30, 2027, 11:59 PM ET, this market will resolve to "None by June 30 2027".
Resolution will be based on by a consensus of reporting.Trader consensus heavily favors Paramount closing the Warner Bros. Discovery acquisition at 75.5%, driven by WBD shareholders' overwhelming approval of the $111 billion Paramount Skydance merger agreement on April 23, 2026, and Paramount's May 4 reaffirmation of steady progress toward closing amid Q1 earnings. Regulatory scrutiny from federal antitrust authorities remains the primary hurdle, with a subscriber lawsuit filed April 30 challenging the deal but unlikely to derail it. Netflix and Comcast odds near zero reflect their withdrawn bids—Netflix's declined raise in February and a $2.8 billion breakup fee payout—while "None by June 30, 2027" at 18% accounts for potential DOJ or FTC blocks on media consolidation, though historical precedents like past approvals bolster optimism for completion within the timeline.
This market will resolve according to the first entity that acquires control of Warner Bros. Discovery's studios and streaming businesses by June 30, 2027, 11:59 PM ET.
Transactions that involve only Warner Bros. Discovery's linear television networks, news channels, or other non-studio, non-streaming assets, without also transferring control of its studios and streaming businesses, will not qualify.
Announcements of non-finalized arrangements — including, the currently announced Netflix agreement to acquire Warner Bros. Discovery’s studios and streaming businesses — will not qualify.
If no entity acquires control of Warner Bros. Discovery's studios and streaming businesses by June 30, 2027, 11:59 PM ET, this market will resolve to "None by June 30 2027".
Resolution will be based on by a consensus of reporting.
This market will resolve according to the first entity that acquires control of Warner Bros. Discovery's studios and streaming businesses by June 30, 2027, 11:59 PM ET.
Transactions that involve only Warner Bros. Discovery's linear television networks, news channels, or other non-studio, non-streaming assets, without also transferring control of its studios and streaming businesses, will not qualify.
Announcements of non-finalized arrangements — including, the currently announced Netflix agreement to acquire Warner Bros. Discovery’s studios and streaming businesses — will not qualify.
If no entity acquires control of Warner Bros. Discovery's studios and streaming businesses by June 30, 2027, 11:59 PM ET, this market will resolve to "None by June 30 2027".
Resolution will be based on by a consensus of reporting.
Trader consensus heavily favors Paramount closing the Warner Bros. Discovery acquisition at 75.5%, driven by WBD shareholders' overwhelming approval of the $111 billion Paramount Skydance merger agreement on April 23, 2026, and Paramount's May 4 reaffirmation of steady progress toward closing amid Q1 earnings. Regulatory scrutiny from federal antitrust authorities remains the primary hurdle, with a subscriber lawsuit filed April 30 challenging the deal but unlikely to derail it. Netflix and Comcast odds near zero reflect their withdrawn bids—Netflix's declined raise in February and a $2.8 billion breakup fee payout—while "None by June 30, 2027" at 18% accounts for potential DOJ or FTC blocks on media consolidation, though historical precedents like past approvals bolster optimism for completion within the timeline.
Experimental AI-generated summary referencing Polymarket data. This is not trading advice and plays no role in how this market resolves. · Updated
May 6 2026
Paramount's hostile bid remains active as shareholder tender deadline approaches
Paramount continued to extend its tender offer and push for shareholder support, maintaining market confidence in its hostile bid despite Warner Bros. Discovery's board support for Netflix.
May 1 2026
Warner Bros. board reaffirms Netflix offer superior, urges shareholders to reject Paramount
Netflix dips to 0%2%
Warner Bros. Discovery's board again recommended shareholders reject Paramount's hostile bid, citing risks and debt concerns, and endorsed Netflix's offer as providing superior value and certainty, reinforcing Netflix's favored status in the acquisition race.
Apr 15 2026
Larry Ellison guarantees $40.4B equity financing for Paramount's Warner bid
Paramount rises to 77%3%
Larry Ellison, Oracle founder and father of Paramount CEO David Ellison, personally guaranteed $40.4 billion in equity financing for Paramount's hostile bid, bolstering Paramount's financial backing and intensifying the takeover battle.
Apr 1 2026
Netflix revises Warner Bros. offer to all-cash deal to counter Paramount
Netflix dips to 1%1%
Netflix revised its $72 billion offer for Warner Bros. Discovery to an all-cash transaction, simplifying the deal structure to provide more certainty to shareholders and speed up the shareholder vote, strengthening its competitive position against Paramount's hostile bid.
Apr 1 2026
Warner Bros. Discovery reiterates support for Netflix deal amid ongoing Paramount bid
Warner Bros. Discovery's leadership reaffirmed their commitment to the Netflix acquisition, emphasizing the superior value and certainty of the Netflix deal despite Paramount's ongoing hostile bid and proxy fight.
Paramount publicly launched a hostile takeover bid for Warner Bros. Discovery, offering $77.9 billion in cash for the entire company, including cable assets Netflix does not want, escalating the bidding war and causing market volatility.
Mar 9 2026
Warner board reaffirms support for Netflix merger
None by June 30, 2027 rises to 15%1%
Warner Bros. Discovery’s board reiterated its recommendation that shareholders approve the Netflix acquisition, effectively diminishing the perceived viability of Paramount’s bid and causing the ‘None by June 30 2027’ outcome to dip further.
Mar 9 2026
Paramount advances hostile takeover with plans to nominate own Warner Bros. board
Paramount dips to 74%2%
Paramount announced it would nominate its own slate of directors for Warner Bros. Discovery before the next shareholder meeting and filed a lawsuit to compel disclosure of Warner's valuation of bids, intensifying the hostile takeover attempt.
Mar 4 2026
Warner Bros rejects Paramount takeover again, backs Netflix bid
Netflix dips to 2%1%
Warner Bros. Discovery's board rejected Paramount's hostile takeover offer, citing insufficient value and risks, and urged shareholders to support Netflix's $72 billion deal for the studios and streaming business, reinforcing Netflix's position in the market.
Mar 1 2026
Netflix revises Warner Bros. offer to all-cash transaction to counter Paramount
Netflix plunges to 2%48%
Netflix converted its original cash-and-stock offer to an all-cash deal valued at $72 billion to simplify the transaction and increase certainty for shareholders, aiming to counter Paramount's hostile bid.
Mar 1 2026
Paramount extends $77.9B hostile takeover bid for Warner Bros. Discovery
Paramount dips to 76%3%
Paramount extended its tender offer deadline and doubled down on a proxy fight to acquire Warner Bros. Discovery, offering $30 per share in cash for the entire company, challenging Netflix's $72 billion deal for just the studios and streaming business. This escalated the bidding war and increased market uncertainty.
Feb 27 2026
Netflix price collapses after market doubts on deal completion
Netflix plunges to 1%46%
Following reports that regulatory hurdles and the pending spin‑off of Warner’s cable assets could delay the Netflix acquisition, investor confidence eroded sharply, driving Netflix’s market price down to near zero.
Feb 20 2026
Paramount extends tender offer deadline and advances proxy fight for Warner Bros.
Paramount surges to 87%56%
Paramount extended its tender offer deadline to Feb. 20 and announced plans to nominate its own slate of directors, escalating its hostile takeover attempt and increasing market confidence in Paramount's chances.
Jan 20 2026
Larry Ellison guarantees $40.4 billion for Paramount bid
Paramount drops to 78%7%
Oracle founder Larry Ellison pledged a personal guarantee for $40.4 billion of equity financing for Paramount’s offer, addressing concerns about the bid’s financing and temporarily boosting confidence in Paramount’s chance to close the deal.
Jan 8 2026
Warner Bros. board recommends shareholders reject Paramount's offer in favor of Netflix's
Netflix rises to 31%1%
Warner Bros. Discovery's board publicly rejected Paramount's hostile bid, citing significant risks and debt financing, and urged shareholders to support Netflix's offer, reinforcing Netflix's position despite Paramount's higher cash bid.
Dec 30 2025
Paramount extends tender offer deadline to Jan 21
Paramount surges to 85%62%
Paramount announced an extension of its tender offer window, giving shareholders more time to consider its $77.9 billion proposal, which revived hopes for Paramount’s success and lifted its price sharply.
Dec 22 2025
Warner board recommends shareholders back Netflix deal
Netflix plunges to 23%24%
Warner Bros. Discovery’s board issued a formal recommendation that shareholders reject Paramount’s bid and support Netflix’s acquisition, reinforcing market belief that Netflix is the likely acquirer and pushing the Netflix outcome higher.
Dec 15 2025
Netflix revises offer to all‑cash structure
Netflix plunges to 43%23%
Netflix announced it would convert its $72 billion bid for Warner’s studios and streaming business into an all‑cash deal, aiming to simplify the transaction and sway shareholders away from Paramount’s proposal, causing Netflix’s price to surge.
Dec 15 2025
Paramount launches hostile $77.9 billion takeover bid for Warner Bros. Discovery
Paramount challenged Netflix's friendly deal by making a hostile all-cash offer worth $77.9 billion for all of Warner Bros. Discovery, including cable assets Netflix does not want, increasing its market probability sharply.
Dec 9 2025
Paramount files Delaware suit demanding valuation details of its bid
Paramount plunges to 28%20%
Paramount Skydance sued Warner Bros. Discovery in Delaware Chancery Court to force disclosure of how the company values Paramount’s offer versus Netflix’s, intensifying the takeover contest and boosting Paramount’s odds.
Dec 8 2025
Netflix announces $72 billion deal to acquire Warner Bros. Discovery
Netflix struck a friendly agreement to buy Warner Bros. Discovery's studios and streaming businesses for $72 billion, setting the initial market expectation for Netflix to close the acquisition.
This market will resolve according to the first entity that acquires control of Warner Bros. Discovery's studios and streaming businesses by June 30, 2027, 11:59 PM ET.
Transactions that involve only Warner Bros. Discovery's linear television networks, news channels, or other non-studio, non-streaming assets, without also transferring control of its studios and streaming businesses, will not qualify.
Announcements of non-finalized arrangements — including, the currently announced Netflix agreement to acquire Warner Bros. Discovery’s studios and streaming businesses — will not qualify.
If no entity acquires control of Warner Bros. Discovery's studios and streaming businesses by June 30, 2027, 11:59 PM ET, this market will resolve to "None by June 30 2027".
Resolution will be based on by a consensus of reporting.Trader consensus heavily favors Paramount closing the Warner Bros. Discovery acquisition at 75.5%, driven by WBD shareholders' overwhelming approval of the $111 billion Paramount Skydance merger agreement on April 23, 2026, and Paramount's May 4 reaffirmation of steady progress toward closing amid Q1 earnings. Regulatory scrutiny from federal antitrust authorities remains the primary hurdle, with a subscriber lawsuit filed April 30 challenging the deal but unlikely to derail it. Netflix and Comcast odds near zero reflect their withdrawn bids—Netflix's declined raise in February and a $2.8 billion breakup fee payout—while "None by June 30, 2027" at 18% accounts for potential DOJ or FTC blocks on media consolidation, though historical precedents like past approvals bolster optimism for completion within the timeline.
This market will resolve according to the first entity that acquires control of Warner Bros. Discovery's studios and streaming businesses by June 30, 2027, 11:59 PM ET.
Transactions that involve only Warner Bros. Discovery's linear television networks, news channels, or other non-studio, non-streaming assets, without also transferring control of its studios and streaming businesses, will not qualify.
Announcements of non-finalized arrangements — including, the currently announced Netflix agreement to acquire Warner Bros. Discovery’s studios and streaming businesses — will not qualify.
If no entity acquires control of Warner Bros. Discovery's studios and streaming businesses by June 30, 2027, 11:59 PM ET, this market will resolve to "None by June 30 2027".
Resolution will be based on by a consensus of reporting.
This market will resolve according to the first entity that acquires control of Warner Bros. Discovery's studios and streaming businesses by June 30, 2027, 11:59 PM ET.
Transactions that involve only Warner Bros. Discovery's linear television networks, news channels, or other non-studio, non-streaming assets, without also transferring control of its studios and streaming businesses, will not qualify.
Announcements of non-finalized arrangements — including, the currently announced Netflix agreement to acquire Warner Bros. Discovery’s studios and streaming businesses — will not qualify.
If no entity acquires control of Warner Bros. Discovery's studios and streaming businesses by June 30, 2027, 11:59 PM ET, this market will resolve to "None by June 30 2027".
Resolution will be based on by a consensus of reporting.
Trader consensus heavily favors Paramount closing the Warner Bros. Discovery acquisition at 75.5%, driven by WBD shareholders' overwhelming approval of the $111 billion Paramount Skydance merger agreement on April 23, 2026, and Paramount's May 4 reaffirmation of steady progress toward closing amid Q1 earnings. Regulatory scrutiny from federal antitrust authorities remains the primary hurdle, with a subscriber lawsuit filed April 30 challenging the deal but unlikely to derail it. Netflix and Comcast odds near zero reflect their withdrawn bids—Netflix's declined raise in February and a $2.8 billion breakup fee payout—while "None by June 30, 2027" at 18% accounts for potential DOJ or FTC blocks on media consolidation, though historical precedents like past approvals bolster optimism for completion within the timeline.
Experimental AI-generated summary referencing Polymarket data. This is not trading advice and plays no role in how this market resolves. · Updated
May 6 2026
Paramount's hostile bid remains active as shareholder tender deadline approaches
Paramount continued to extend its tender offer and push for shareholder support, maintaining market confidence in its hostile bid despite Warner Bros. Discovery's board support for Netflix.
May 1 2026
Warner Bros. board reaffirms Netflix offer superior, urges shareholders to reject Paramount
Netflix dips to 0%2%
Warner Bros. Discovery's board again recommended shareholders reject Paramount's hostile bid, citing risks and debt concerns, and endorsed Netflix's offer as providing superior value and certainty, reinforcing Netflix's favored status in the acquisition race.
Apr 15 2026
Larry Ellison guarantees $40.4B equity financing for Paramount's Warner bid
Paramount rises to 77%3%
Larry Ellison, Oracle founder and father of Paramount CEO David Ellison, personally guaranteed $40.4 billion in equity financing for Paramount's hostile bid, bolstering Paramount's financial backing and intensifying the takeover battle.
Apr 1 2026
Netflix revises Warner Bros. offer to all-cash deal to counter Paramount
Netflix dips to 1%1%
Netflix revised its $72 billion offer for Warner Bros. Discovery to an all-cash transaction, simplifying the deal structure to provide more certainty to shareholders and speed up the shareholder vote, strengthening its competitive position against Paramount's hostile bid.
Apr 1 2026
Warner Bros. Discovery reiterates support for Netflix deal amid ongoing Paramount bid
Warner Bros. Discovery's leadership reaffirmed their commitment to the Netflix acquisition, emphasizing the superior value and certainty of the Netflix deal despite Paramount's ongoing hostile bid and proxy fight.
Paramount publicly launched a hostile takeover bid for Warner Bros. Discovery, offering $77.9 billion in cash for the entire company, including cable assets Netflix does not want, escalating the bidding war and causing market volatility.
Mar 9 2026
Warner board reaffirms support for Netflix merger
None by June 30, 2027 rises to 15%1%
Warner Bros. Discovery’s board reiterated its recommendation that shareholders approve the Netflix acquisition, effectively diminishing the perceived viability of Paramount’s bid and causing the ‘None by June 30 2027’ outcome to dip further.
Mar 9 2026
Paramount advances hostile takeover with plans to nominate own Warner Bros. board
Paramount dips to 74%2%
Paramount announced it would nominate its own slate of directors for Warner Bros. Discovery before the next shareholder meeting and filed a lawsuit to compel disclosure of Warner's valuation of bids, intensifying the hostile takeover attempt.
Mar 4 2026
Warner Bros rejects Paramount takeover again, backs Netflix bid
Netflix dips to 2%1%
Warner Bros. Discovery's board rejected Paramount's hostile takeover offer, citing insufficient value and risks, and urged shareholders to support Netflix's $72 billion deal for the studios and streaming business, reinforcing Netflix's position in the market.
Mar 1 2026
Netflix revises Warner Bros. offer to all-cash transaction to counter Paramount
Netflix plunges to 2%48%
Netflix converted its original cash-and-stock offer to an all-cash deal valued at $72 billion to simplify the transaction and increase certainty for shareholders, aiming to counter Paramount's hostile bid.
Mar 1 2026
Paramount extends $77.9B hostile takeover bid for Warner Bros. Discovery
Paramount dips to 76%3%
Paramount extended its tender offer deadline and doubled down on a proxy fight to acquire Warner Bros. Discovery, offering $30 per share in cash for the entire company, challenging Netflix's $72 billion deal for just the studios and streaming business. This escalated the bidding war and increased market uncertainty.
Feb 27 2026
Netflix price collapses after market doubts on deal completion
Netflix plunges to 1%46%
Following reports that regulatory hurdles and the pending spin‑off of Warner’s cable assets could delay the Netflix acquisition, investor confidence eroded sharply, driving Netflix’s market price down to near zero.
Feb 20 2026
Paramount extends tender offer deadline and advances proxy fight for Warner Bros.
Paramount surges to 87%56%
Paramount extended its tender offer deadline to Feb. 20 and announced plans to nominate its own slate of directors, escalating its hostile takeover attempt and increasing market confidence in Paramount's chances.
Jan 20 2026
Larry Ellison guarantees $40.4 billion for Paramount bid
Paramount drops to 78%7%
Oracle founder Larry Ellison pledged a personal guarantee for $40.4 billion of equity financing for Paramount’s offer, addressing concerns about the bid’s financing and temporarily boosting confidence in Paramount’s chance to close the deal.
Jan 8 2026
Warner Bros. board recommends shareholders reject Paramount's offer in favor of Netflix's
Netflix rises to 31%1%
Warner Bros. Discovery's board publicly rejected Paramount's hostile bid, citing significant risks and debt financing, and urged shareholders to support Netflix's offer, reinforcing Netflix's position despite Paramount's higher cash bid.
Dec 30 2025
Paramount extends tender offer deadline to Jan 21
Paramount surges to 85%62%
Paramount announced an extension of its tender offer window, giving shareholders more time to consider its $77.9 billion proposal, which revived hopes for Paramount’s success and lifted its price sharply.
Dec 22 2025
Warner board recommends shareholders back Netflix deal
Netflix plunges to 23%24%
Warner Bros. Discovery’s board issued a formal recommendation that shareholders reject Paramount’s bid and support Netflix’s acquisition, reinforcing market belief that Netflix is the likely acquirer and pushing the Netflix outcome higher.
Dec 15 2025
Netflix revises offer to all‑cash structure
Netflix plunges to 43%23%
Netflix announced it would convert its $72 billion bid for Warner’s studios and streaming business into an all‑cash deal, aiming to simplify the transaction and sway shareholders away from Paramount’s proposal, causing Netflix’s price to surge.
Dec 15 2025
Paramount launches hostile $77.9 billion takeover bid for Warner Bros. Discovery
Paramount challenged Netflix's friendly deal by making a hostile all-cash offer worth $77.9 billion for all of Warner Bros. Discovery, including cable assets Netflix does not want, increasing its market probability sharply.
Dec 9 2025
Paramount files Delaware suit demanding valuation details of its bid
Paramount plunges to 28%20%
Paramount Skydance sued Warner Bros. Discovery in Delaware Chancery Court to force disclosure of how the company values Paramount’s offer versus Netflix’s, intensifying the takeover contest and boosting Paramount’s odds.
Dec 8 2025
Netflix announces $72 billion deal to acquire Warner Bros. Discovery
Netflix struck a friendly agreement to buy Warner Bros. Discovery's studios and streaming businesses for $72 billion, setting the initial market expectation for Netflix to close the acquisition.
"Who will close Warner Bros. acquisition?" is a prediction market on Polymarket with 4 possible outcomes where traders buy and sell shares based on what they believe will happen. The current leading outcome is "Paramount" at 76%, followed by "None by June 30, 2027" at 18%. Prices reflect real-time crowd-sourced probabilities. For example, a share priced at 76¢ implies that the market collectively assigns a 76% chance to that outcome. These odds shift continuously as traders react to new developments and information. Shares in the correct outcome are redeemable for $1 each upon market resolution.
As of today, "Who will close Warner Bros. acquisition?" has generated $1.1 million in total trading volume since the market launched on Dec 8, 2025. This level of trading activity reflects strong engagement from the Polymarket community and helps ensure that the current odds are informed by a deep pool of market participants. You can track live price movements and trade on any outcome directly on this page.
To trade on "Who will close Warner Bros. acquisition?," browse the 4 available outcomes listed on this page. Each outcome displays a current price representing the market's implied probability. To take a position, select the outcome you believe is most likely, choose "Yes" to trade in favor of it or "No" to trade against it, enter your amount, and click "Trade." If your chosen outcome is correct when the market resolves, your "Yes" shares pay out $1 each. If it's incorrect, they pay out $0. You can also sell your shares at any time before resolution if you want to lock in a profit or cut a loss.
The current frontrunner for "Who will close Warner Bros. acquisition?" is "Paramount" at 76%, meaning the market assigns a 76% chance to that outcome. The next closest outcome is "None by June 30, 2027" at 18%. These odds update in real-time as traders buy and sell shares, so they reflect the latest collective view of what's most likely to happen. Check back frequently or bookmark this page to follow how the odds shift as new information emerges.
The resolution rules for "Who will close Warner Bros. acquisition?" define exactly what needs to happen for each outcome to be declared a winner — including the official data sources used to determine the result. You can review the complete resolution criteria in the "Rules" section on this page above the comments. We recommend reading the rules carefully before trading, as they specify the precise conditions, edge cases, and sources that govern how this market is settled.
Yes. You don't need to trade to stay informed. This page serves as a live tracker for "Who will close Warner Bros. acquisition?." The outcome probabilities update in real-time as new trades come in. You can bookmark this page and check the comments section to see what other traders are saying. You can also use the time-range filters on the chart to see how the odds have shifted over time. It's a free, real-time window into what the market expects to happen.
Polymarket odds are set by real traders putting real money behind their beliefs, which tends to surface accurate predictions. With $1.1 million traded on “Who will close Warner Bros. acquisition?,” these prices aggregate the collective knowledge and conviction of thousands of participants — often outperforming polls, expert forecasts, and traditional surveys. Prediction markets like Polymarket have a strong track record of accuracy, especially as events approach their resolution date. For example, Polymarket has a one month accuracy score of 94%. For the latest stats on Polymarket’s prediction accuracy, visit the accuracy page on Polymarket.
To place your first trade on "Who will close Warner Bros. acquisition?," sign up for a free Polymarket account and fund it using crypto, a credit or debit card, or a bank transfer. Once your account is funded, return to this page, select the outcome you want to trade, enter your amount, and click "Trade." If you're new to prediction markets, click the "How it works" link at the top of any Polymarket page for a quick step-by-step walkthrough of how trading works.
On Polymarket, the price of each outcome represents the market's implied probability. A price of 76¢ for "Paramount" in the "Who will close Warner Bros. acquisition?" market means traders collectively believe there is roughly a 76% chance that "Paramount" will be the correct result. If you buy "Yes" shares at 76¢ and the outcome is correct, you receive $1.00 per share — a profit of 24¢ per share. If incorrect, those shares are worth $0.
The "Who will close Warner Bros. acquisition?" market is a long-term prediction with a resolution date of Jun 30, 2027 — that's roughly over 1 year away. Long-term markets on Polymarket often see their odds shift significantly as events unfold, making them useful for tracking evolving sentiment. You can trade at any time or bookmark this page to follow the odds over the months and years ahead.
The "Who will close Warner Bros. acquisition?" market has an active community of 56 comments where traders share their analysis, debate outcomes, and discuss breaking developments. Scroll down to the comments section below to read what other participants think. You can also filter by "Top Holders" to see what the market's biggest traders are positioned on, or check the "Activity" tab for a real-time feed of trades.
Polymarket is the world's largest prediction market, where you can stay informed and profit from your knowledge of real-world events. Traders buy and sell shares on outcomes for topics ranging from politics and elections to crypto, finance, sports, tech, and culture, including markets like "Who will close Warner Bros. acquisition?." Prices reflect real-time, crowd-sourced probabilities backed by financial conviction, often providing faster and more accurate signals than polls, pundits, or traditional surveys.
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