economy
February 27, 2026
Netflix drops bid for Warner Bros. Discovery, paving the way for Paramount Skydance deal
Netflix announced it is dropping its bid for Warner Bros. Discovery, which paves the way for Paramount Skydance, the parent company of CBS News, to acquire it instead. The merger would require approval from Warner Bros. shareholders and federal regulators.
TL;DR
- Netflix is no longer pursuing a bid for Warner Bros. Discovery.
- This decision allows Paramount Skydance to move forward with its acquisition intentions.
- The proposed merger requires approval from Warner Bros. shareholders and federal regulators.
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