… After months of negotiations and a lawsuit from Paramount, Netflix withdrew its bid on February 26, 2026 . This decision came after Paramount raised its all-cash offer to $31 per share, valuing the deal at $111 billion. You can read our full timeline of the WBD acquisition here .
The acquisition of movie giant Warner Bros. has become something of a popcorn-munching spectacle, as Netflix and Paramount vie to absorb the storied company. At the time of writing, it seems like Paramount will be the likely suitor, having significantly upped its bid . …
… The latest reported cuts followed the ongoing acquisition of Warner Bros. Discovery . Netflix initially agreed to acquire the media giant in December for $82.7 billion, but Paramount Skydance outbid the streaming service last month. …
… Discovery shareholders "overwhelmingly" approved Paramount’s $111 billion acquisition .