Paramount maintained its dogged pursuit of Warner Bros, launching a hostile campaign to wrest the prize from Netflix. AdvertisementNetflix confirmed to Reuters that it was walking away from bidding for Warner Bros Discovery. The Warner Bros board still has to terminate the Netflix deal and adopt Paramount Skydance’s offer. AdvertisementEarlier in the day, Warner Bros said Paramount’s revised $31-a-share offer was superior to Netflix’s bid of $27.75 per share for Warner Bros’ streaming and studio assets. It also agreed to cover the $2.8 billion fee Warner Bros would owe Netflix for walking away from the merger agreement.

Source: Huffington Post February 27, 2026 22:22 UTC