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Paramount win? Netflix drops out of WBD bidding war

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February 27, 2026

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Netflix said Thursday afternoon that it has “declined to raise its offer for Warner Bros.” after the Warner Bros. Discovery board determined that Paramount has submitted a “superior” offer.

The announcement means that Paramount has suddenly moved much closer to taking over CNN and the rest of the assets owned by WBD.

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#Netflix #Paramount #News

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Paramount win? Netflix drops out of WBD bidding war · CNN · Sentinel