{"id":27513,"date":"2026-02-27T13:18:15","date_gmt":"2026-02-27T13:18:15","guid":{"rendered":"https:\/\/finprosalerts.com\/?p=27513"},"modified":"2026-02-27T13:18:15","modified_gmt":"2026-02-27T13:18:15","slug":"netflix-pulls-out-of-warner-bros-discovery-bid-after-paramount-offer","status":"publish","type":"post","link":"https:\/\/finprosalerts.com\/?p=27513","title":{"rendered":"Netflix pulls out of Warner Bros Discovery bid after Paramount offer"},"content":{"rendered":"
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Warner Bros. Discovery CEO David Zaslav may have been counting on watching one last round in the Netflix vs. Paramount Skydance boxing match to acquire the media company he runs. What he might not have anticipated was that Netflix wouldn’t even bother re-entering the ring.<\/p>\n

Thursday after the market close, WBD announced that Paramount Skydance\u2019s last and best offer of $31 a share for its film studio, streaming platform and cable networks was superior to Netflix\u2019s previously accepted bid of $27.75 a share for the studio and streaming assets.<\/p>\n

WBD’s declaration started a countdown clock: Netflix was granted four business days to match or beat Paramount\u2019s new bid, but just an hour and 10 minutes later, Netflix left the arena.<\/p>\n

NETFLIX BACKS OUT OF WARNER BROS BIDDING WAR AFTER PARAMOUNT MADE ‘SUPERIOR’ OFFER<\/strong><\/p>\n

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In a joint statement, the streamer’s co-CEOs Ted Sarandos and Greg Peters said, “The transaction we negotiated would have created shareholder value with a clear path to regulatory approval. However, we\u2019ve always been disciplined, and at the price required to match Paramount Skydance\u2019s latest offer, the deal is no longer financially attractive, so we are declining to match the Paramount Skydance bid.”\u00a0<\/p>\n

Considering Sarandos\u2019 tone in the final days of the process, the market should have been ready for the quick exit. In an interview Feb. 20 on FOX Business\u2019 “Claman Countdown,” Sarandos, when pressed as to whether he’d match a potentially higher bid by Paramount Skydance, seemingly took a page out of former Berkshire Hathaway CEO Warren Buffett’s “never overpay for an asset no matter how much you want it” playbook.<\/p>\n

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“We’ve been very disciplined buyers in our careers. Our shareholders know us and they expect us to continue to do what we do, which is remain a disciplined buyer,” Sarandos told FBN.<\/p>\n

Netflix shareholders have never fully embraced the merger since the official bidding process began Nov. 20. Since then, Netflix shares have shriveled more than 19%.<\/p>\n\n\n\n\n\n\n\n<\/tr>\n<\/tbody>\n<\/table>\n

Much of the concern focused on whether the $82.7 billion dollar cost might shake Netflix’s solid balance sheet, and whether the deal would pass regulatory muster.<\/p>\n

NETFLIX CO-CEO ACCUSES JAMES CAMERON OF SPREADING ‘MISINFORMATION’ ABOUT WARNER BROS. ACQUISITION<\/strong><\/p>\n

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Thursday evening when WBD confirmed the superiority of Paramount’s bid, Netflix shares saw a relief rally, soaring nearly 10% in after-hours trade.<\/p>\n

In its statement, Netflix\u2019s co-CEOs intimated they agreed with shareholders.<\/p>\n

“This transaction was always a \u2018nice to have\u2019 at the right price, not a \u2018must have\u2019 at any price,” Sarandos and Peters said.<\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Warner Bros. Discovery CEO David Zaslav may have been counting on watching one last round in the Netflix vs. Paramount Skydance boxing match to acquire the media company he runs. What he might not have anticipated was that Netflix wouldn’t even bother re-entering the ring. Thursday after the market close, WBD announced that Paramount Skydance\u2019s<\/p>\n","protected":false},"author":1,"featured_media":27514,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[53],"tags":[],"class_list":{"0":"post-27513","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-markets"},"yoast_head":"\nNetflix pulls out of Warner Bros Discovery bid after Paramount offer - Fin Pros Alerts<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/finprosalerts.com\/?p=27513\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Netflix pulls out of Warner Bros Discovery bid after Paramount offer - Fin Pros Alerts\" \/>\n<meta property=\"og:description\" content=\"Warner Bros. Discovery CEO David Zaslav may have been counting on watching one last round in the Netflix vs. Paramount Skydance boxing match to acquire the media company he runs. What he might not have anticipated was that Netflix wouldn’t even bother re-entering the ring. 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Ticker<\/th>\nSecurity<\/th>\nLast<\/th>\nChange<\/th>\nChange %<\/th>\n<\/tr>\n<\/thead>\n
NFLX<\/td>\nNETFLIX INC.<\/td>\n84.61<\/td>\n+1.90<\/td>\n\n +2.30%\n <\/td>\n<\/tr>\n
WBD<\/td>\nWARNER BROS. DISCOVERY INC.<\/td>\n28.80<\/td>\n-0.10<\/td>\n\n -0.35%\n <\/td>\n<\/tr>\n
PSKY<\/td>\nPARAMOUNT SKYDANCE CORP.<\/td>\n11.18<\/td>\n+1.02<\/td>\n\n +10.04%\n <\/td>\n<\/tr>\n