economy
February 27, 2026
Netflix walks away from its deal to buy Warner Bros. after Paramount came back with a better offer
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TL;DR
- Netflix has abandoned its $83 billion bid for Warner Bros. studios, HBO, and HBO Max.
- Paramount Skydance submitted a superior all-cash offer of $31 per share.
- Netflix cited the required price to match Paramount's bid as no longer financially attractive.
- Paramount's deal includes covering termination fees and a 'ticking fee' if the transaction is delayed.
- Netflix had previously revised its acquisition agreement to an all-cash deal.
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