US EditionNetflix Walks Away From Warner Bros Deal, Clearing the Path for Paramount
Netflix declined to match Paramount Skydance's $111 billion bid for Warner Bros. Discovery, citing financial discipline and paying a $2.8 billion termination fee, regulators to review deal.
- On February 28, 2026, Netflix withdrew from its roughly $82.7 billion deal to acquire Warner Bros. Discovery, Inc. after rival bidder Paramount Skydance raised its offer.
- Netflix had pursued WBD since last fall and struck a merger agreement in early December, but executives said the deal was a 'nice to have' and not worth infinite cash as Paramount Skydance soon raised the stakes with hostile bids.
- Per The Hollywood Reporter, WBD agreed to pay a $2.8 billion termination fee after Netflix exited, and regulators will decide on Paramount Skydance's $8 billion takeover bid legality.
- Netflix now faces choices about its live-sports strategy as a Paramount-WBD potential integration could shift MLB, NHL, and college football broadcasts across CBS and TNT/TBS, while the NFL may reshape streaming rights this year.
- Owner and CEO David Ellison has made efforts to cultivate ties to the Trump administration, raising concerns, while he said the WBD board unanimously affirmed the superior value of their offer on Thursday.
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Tom Cruise Was Reportedly 'Furious' With Netflix's Bid For Warner Bros.
MEGATom Cruise has seemingly saved Hollywood again following his involvement in thwarting Netflix's takeover of Warner Bros. Reports suggest the actor feared the deal would mean the end of the movie industry, as films would now be mostly streamed rather than released to cinemas, and allegedly took steps behind the scenes to fight it. Tom Cruise has made strong moves in the past to protect the film industry, as he prevented the COVID-19 pandemic …
Renouncing the acquisition of Warner Bros. increased the value of his shares and avoided taking on a big debt
What Netflix’s decision to back out of a bidding war for Warner Brothers Discovery means for sports fans - The Boston Globe
Most notably, the deal will likely result in CBS (owned by Paramount) and TNT/TBS (owned by Warner Brothers Discovery) being at least partially integrated.
Democrat Lawmakers Booker, Warren Erupt After Paramount Wins Bid to Buy Warner Bros. Discovery
Democrats are erupting in alarm with streaming giant Netflix bowing out of its deal to buy Warner Bros. Discovery leaving Paramount Skydance standing as the studio's top bidder. The post Democrat Lawmakers Booker, Warren Erupt After Paramount Wins Bid to Buy Warner Bros. Discovery appeared first on Breitbart.
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