Netflix Withdraws Warner Bros. Bid, Paramount Takes Lead

Feb 27, 2026

68 min

Feb 27, 2026 00:33

Netflix walks away from Warner Bros. bid, clearing path for Paramount

## Netflix Exits Warner Bros. Acquisition Race

Netflix has decided not to increase its offer for acquiring Warner Bros. Discovery, paving the way for Paramount Skydance to potentially secure the deal. The decision was announced after Warner Bros. Discovery's board labeled Paramount's proposal as superior.

## Paramount's Enhanced Offer

Paramount's latest bid includes a purchase price of $31 per share, valuing Warner Bros. Discovery at approximately $108 billion. The offer also features a $7 billion regulatory termination fee and a commitment to cover a $2.8 billion breakup fee if Warner Bros. Discovery ends its agreement with Netflix.

## Larry Ellison's Involvement

Oracle founder Larry Ellison has pledged additional financial support for Paramount's bid, if necessary. His involvement is significant, as his son, David Ellison, is the CEO of Paramount Skydance.

## Political and Industry Reactions

The bidding war has attracted political attention, with President Donald Trump expressing interest in the outcome. Republican lawmakers have criticized Netflix during the process, accusing it of promoting certain content. Meanwhile, Ted Sarandos, Netflix's co-CEO, was seen at the White House for discussions, though not with the president.

## Implications for US Media

If Paramount's bid succeeds, it would bring Warner Bros. Discovery, including CNN, under the control of the Ellison family. This shift could have significant implications for the US media landscape, especially given the political dynamics involved.

Read the full story at the source

What you need to know to get Emirates ID?

Leave your details and get a guide as a gift to avoid mistakes

Article contents