The Latest Breaking News from Warner Bros Discovery

Plot twist — Netflix ditches Warner Bros deal as insiders call imminent Paramount takeover a ‘gut punch’

Netflix has decided to concede to Paramount in the battle for Warner Bros. Discovery.

TechRadar · Feb 27

Stocks Retreat on AI Disruption Concerns and Geopolitical Risks

The S&P 500 Index ($SPX ) (SPY ) today is down -0.61%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -1.17%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.41%. March E-mini S&P futures (ESH26 ) are down -0.59%, and March E-mini Nasdaq futures...

Barchart · Feb 27

Netflix CEO Visits White House — Then Walks Away From Warner Bros. Deal

Netflix has officially withdrawn from the bidding war for Warner Bros. Discovery, paving the way for a merger with Paramount Skydance.

International Business Times UK · Feb 27

Netflix quits Warner Bros takeover battle; FTSE 100 ends week at record high – as it happened

Netflix shares have jumped 10% after it left Larry Ellison’s Paramount clear to buy Warner Bros, regulators permitting….

The Guardian - UK · Feb 27

Netflix says it won't raise bid for Warner Bros.

Paramount appears to have won the fight for WBD if it obtains all the necessary approvals.

Axios · Feb 27

Netflix isn't going to buy Warner Bros after all, meaning Paramount is set to take HBO, Warner Bros Games, and the rest

The acquisition was "always a 'nice to have' at the right price, not a 'must have' at any price," Netflix said.

PC Gamer · Feb 27

Netflix refuses to raise bid for Warner Bros. Discovery, paving way for Paramount takeover

‘The deal is no longer financially attractive,’ said Netflix in a statement

The Independent UK · Feb 26

Surprise! Paramount Just Scored A Major Victory Against Netflix To Acquire Warner Bros

I didn't see this happening.

Cinemablend · Feb 26

Warner Bros. officially deems Paramount’s bid ‘superior,’ and Netflix withdraws

Netflix investors are sending the stock up as it gets outbid for Warner Bros. What will the big red streamer do next?

Fortune · Feb 26

Paramount Skydance wins Warner Bros Discovery bid after Netflix walks away from deal

Streamer said ‘deal no longer financially attractive’ at price required to match offer by David Ellison’s firm

The Guardian - US · Feb 26