Wall Street Breakfast Podcast: Netflix Taps Out On WBD
Seeking Alpha·2026-02-27 11:31

Group 1: Paramount and Warner Bros. Acquisition - Paramount Skydance (PSKY) wins the bidding war for Warner Bros. Discovery (WBD) as Netflix (NFLX) decides not to raise its bid, deeming the revised offer from Paramount as "superior" [3] - The final purchase price from Paramount is $31.00 per share in cash, which values Warner Bros. at approximately $108 billion, reflecting a one-dollar increase from its previous bid [3] - Warner Bros. Discovery is contractually obligated to pay Netflix a breakup fee of $2.8 billion due to the termination of the original deal [4] Group 2: Anthropic and Pentagon Negotiations - Anthropic (ANTHRO) refuses the Pentagon's demand for unrestricted access to its AI models, stating that it cannot allow its technology to be used in all lawful cases without limitations [5] - The Pentagon has threatened to label Anthropic as a "supply chain risk" and may invoke the Defense Production Act to enforce compliance with its demands [7] - Anthropic signed a $200 million contract with the Department of Defense in July, becoming the first lab to deploy its models in classified mission workflows [8] Group 3: Burger King Whopper Update - Burger King is refreshing its iconic Whopper for the first time in nearly a decade, introducing a more premium bun and better-tasting mayo while maintaining the same beef and toppings [9][10] - The new Whopper will be served in a box instead of a wrapper to ensure quality upon delivery, reflecting changes made based on customer feedback [10] - Restaurant Brands International (QSR) announced the upgraded Whopper at its Investor Day event, with QSR shares closing up 3.3% [10]