Netflix Won't Raise Warner Bros. Bid
February 27, 2026·about 22 hours ago·via IMDb
Netflix declines to up its offer for Warner Bros. Discovery after Paramount's superior bid. Warner Bros. notifies Netflix of the $111 billion all-cash proposal valuing shares at $31, surpassing Netflix's pact. The decision ends months of back-and-forth, with Paramount set to reimburse Netflix's breakup fee. Hollywood watchers eye regulatory hurdles for the mega-merger.
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