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639 Netflix Ditches deal for Warner Bros. Discovery After Paramount's Offer is Deemed Superior

Slashdot
msmash @ Slashdot · 02/27/2026 11:00 EDT

Netflix Ditches deal for Warner Bros. Discovery After Paramount's Offer is Deemed Superior

Netflix is walking away from a deal to buy Warner Bros. Discovery's studio and streaming assets after the WBD board on Thursday deemed a revised bid by Paramount Skydance to be a superior offer. From a report: Earlier this week, Paramount raised its bid to buy the entirety of WBD to $31 per share, up from $30 per share, all cash. It was the latest amendment to Paramount's multiple offers in recent months -- and since moving forward with a hostile bid to buy the company -- and it's now unseated a deal betwee

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