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Netflix walks away from Warner Bros deal, clearing the path for Paramount

NEW YORK: Netflix is walking away from its offer to buy Warner Bros. Discovery’s studio and streaming business, in a stunning move that effectively puts Paramount in a position to take over its storied Hollywood rival. On Thursday, Warner’s board announced that Skydance-owned Paramount’s latest offer to buy the entire company for $31 per share was superior to the agreement it had previously struck with Netflix. Warner gave Netflix four business days to come up with a counteroffer — but Netflix instead responded less than two hours later, declining to raise its proposal.

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martedì 24 febbraio 2026·aljazeera.com
Warner Bros gets new offer from Paramount but still recommends Netflix bid
If Warner’s board changes course and deems Paramount’s latest offer superior, Netflix will be able to revise its bid.
mercoledì 25 febbraio 2026·bbc.com
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Warner Bros says the latest proposal could convince it to abandon the deal it struck with Netflix.

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