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Netflix Drops Warner Bros. Bid, Leaving Paramount the Winner
Posted
February 27, 2026
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1:36Now PlayingNetflix dropped out of the fight to buy Warner Bros., clearing the way for Paramount Skydance Corp. to clinch its deal for the historic Hollywood studio.
Netflix said the deal is no longer financially attractive at the price required to match Paramount Skydance's latest offer, so it is declining to match the bid.
Netflix shares jumped in after-hours trading, indicating that investors were happy to see the company walk away from the deal.
#netflix #warnerbros #paramountplus
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