CNN‘s Jake Tapper wound up having to break some news on Thursday’s “The Lead” that affects his own network. Moments ago, Netflix said it is declining to raise its offer for the purchase of Warner Bros. Studios and HBO, following the Warner Bros. Paramount has submitted a ‘superior offer,’ according to Warner Bros. Discovery’s board. As I’ve noted, Warner Bros. Discovery is the parent company of CNN.”Netflix said Thursday it would not match Paramount’s increased bid of $111 million for Warner Bros.
Source: CNN February 27, 2026 02:29 UTC