Netflix Walks Away from $83B Warner Bros. Discovery Bid, Clearing Path for Paramount Skydance
Updated Feb. 27, 2026 Netflix announced on Thursday that it will not match Paramount Skydance’s latest all-cash proposal for Warner Bros. Discovery, effectively ending Netflix’s pursuit of a deal it had agreed to in December. Netflix had negotiated to buy part of Warner Bros. Discovery at $27.75 a share — an $82.7 billion valuation — … Read more