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Netflix declines to raise offer for Warner Bros
Reuters· 2026-02-26 22:51
Group 1 - Netflix has decided not to increase its offer for Warner Bros Discovery after the latter's board deemed Paramount Skydance's latest proposal as a "Superior Proposal" [1] - The decision comes amid ongoing competition in the streaming industry, highlighting the challenges Netflix faces in securing mergers and acquisitions [1] - Warner Bros Discovery's board's assessment indicates a shift in the competitive landscape, potentially impacting Netflix's strategic positioning [1] Group 2 - The news reflects broader trends in the media and entertainment sector, where companies are actively seeking advantageous merger agreements to enhance their market presence [1] - The situation underscores the importance of strategic evaluations in corporate mergers, as companies weigh offers against competitive proposals [1] - This development may influence investor sentiment regarding Netflix's growth strategy and its ability to adapt to changing market dynamics [1]
Netflix Has Four Days To Counter Paramount's ‘Superior' Offer For Warner Bros.
Forbes· 2026-02-26 22:45
ToplineWarner Bros. Discovery said Thursday that Paramount Skydance’s acquisition proposal is “superior” to Netflix’s offer, giving the streaming giant four days to counter with a better deal in a battle that will shake up the media and entertainment industry.Warner Bros. Discovery published its statement about the offer Thursday afternoon.Photo Illustration by Thomas Fuller/SOPA Images/LightRocket via Getty Images ...
Warner Bros. Discovery says Paramount's $31 per share bid is ‘superior' to Netflix offer — latest twist in bidding war
New York Post· 2026-02-26 22:06
Warner Bros. Discovery’s board has labeled a revamped bid from Paramount Skydance a “superior proposal,” throwing a wrench into its pending merger with Netflix.The New York-based media giant announced the decision on Thursday, triggering a four-business-day window for Netflix to match the offer or lose the dealAny new company that emerges from this bidding war would include HBO Max and rival tech giants Amazon and Apple in the increasingly competitive streaming market. REUTERSDavid Ellison’s Paramount Skyda ...
Netflix and Apple TV join forces on F1 content
Reuters· 2026-02-26 18:40
Skip to main content Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv Netflix and Apple TV join forces on F1 content February 26, 20266:40 PM UTCUpdated ago By Alan Baldwin Apple's Senior Vice-President of Services Eddy Cue told reporters on a video call that select races and practice sessions would also be made available for free through the season, without giving details. "We look at F1 and Apple TV as a true partnership where we're going to amplify this sport ...
Say Hello to the Growth Stock That's Winning the Streaming Wars
Yahoo Finance· 2026-02-26 15:35
When investors think about companies within the streaming market, the vast majority probably come up with Netflix first. However, there are other businesses in this evolving industry that also deserve some attention. For example, one streaming platform just reported revenue of $4.7 billion in 2025. That figure is 161% higher than in 2020, demonstrating robust adoption trends. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispen ...
Nvidia earnings, Big Tech's White House visit, protein prices and more in Morning Squawk
CNBC· 2026-02-26 13:30
Group 1: AI and Technology Developments - Major technology firms, including Amazon, Meta, and OpenAI, are set to sign a pledge at the White House to provide their own power for AI data centers [2] - Netflix CEO Ted Sarandos is in discussions regarding the acquisition of Warner Bros. Discovery, following political pressure related to board member Susan Rice [3] Group 2: Market and Economic Insights - Samsung has launched new flagship smartphones, with the S26 and S26+ models priced $100 higher than their predecessors, amid a global memory chip shortage [8][9] - Egg prices have sharply declined due to easing impacts from a bird flu outbreak, while prices for boneless chicken breast and ground beef have risen since January of last year [10][11] Group 3: Resignations and Controversies - Larry Summers announced his resignation from Harvard University amid a review of his connections to Jeffrey Epstein [4] - Dr. Richard Axel also resigned from his role at Columbia University, citing his past association with Epstein as a serious error in judgment [5] - Bill Gates addressed his relationship with Epstein, stating he did nothing illicit during their interactions [6]
Why Netflix Stock Climbed Today
The Motley Fool· 2026-02-26 03:50
An unpopular merger could be averted.Shares of Netflix (NFLX +5.99%) rose on Wednesday, as it became more likely that its pending acquisition of Warner Bros. Discovery's (WBD 0.84%) film studios and HBO Max streaming service could fall through.By the close of trading, Netflix's stock price was up nearly 6%. Paramount to the rescue Netflix is locked in a fierce bidding war with media conglomerate Paramount Skydance (PSKY 1.88%). The battle drove Netflix's offer price for WBD's assets up to an enterprise valu ...
Netflix's Ted Sarandos heads to DC to save Warner Bros. deal as antitrust concerns intensify
New York Post· 2026-02-25 22:32
Core Viewpoint - Netflix CEO Ted Sarandos is making a significant effort to secure the acquisition of Warner Bros. Discovery's streaming service and studio amid rising antitrust concerns and political challenges [1][3][6]. Group 1: Acquisition Efforts - Sarandos is heading to Washington to address antitrust concerns related to Netflix's plans to integrate Warner Bros. Discovery's streaming service with its own [1][3]. - The acquisition deal is valued at $73 billion, which has raised concerns among Netflix shareholders regarding the financial implications and the debt required to finance the deal [6][12]. - Warner Bros. Discovery is reconsidering its agreement with Netflix due to a competing bid from Paramount Skydance, which has proposed a higher offer of $31 per share [8][9]. Group 2: Political and Regulatory Challenges - Sarandos is engaging in a lobbying effort that includes potential meetings with political figures, including President Trump, to mitigate antitrust scrutiny [2][3]. - GOP lawmakers are skeptical of Netflix's programming, viewing it as politically biased, which complicates the company's efforts to gain regulatory approval for the acquisition [4][6]. - The Department of Justice is reportedly scrutinizing Netflix's business model under antitrust laws, which could pose significant hurdles for the acquisition [15][16]. Group 3: Competitive Landscape - Paramount Skydance's bid is seen as having a better chance of regulatory approval due to less overlap with existing services, making it a formidable competitor in the acquisition process [10][14]. - The outcome of the acquisition will be determined by a shareholder vote on March 20, which has garnered significant attention from investors and media alike [12][16]. - The ongoing negotiations and competitive bids highlight the strategic importance of Warner Bros. Discovery's assets, including HBO Max and CNN, in the media landscape [12][17].
From a Mailed DVD To A Contested $82.7 Billion Deal: Netflix Co-Founder Marc Randolph On Why You Just Have To Start - Netflix (NASDAQ:NFLX)
Benzinga· 2026-02-25 19:59
Credit: Marc Randolph(co-Founder and first CEO of Netflix) with Anna Tutova(Founder AI Crypto Minds).The serial entrepreneur and first CEO of Netflix reflects on the streamer’s seismic Warner Bros. Discovery acquisition, the founder’s mindset and why AI is the ultimate startup weapon.Warner Bros. Discovery’s board said Tuesday that Paramount Skydance’s revised $31-per-share offer could reasonably be expected to lead to a superior proposal, marking the first time the company has formally acknowledged the riv ...
Trump's State of the Union, Lowe's earnings, Panera Bread's value menu and more in Morning Squawk
CNBC· 2026-02-25 13:21
This is CNBC's Morning Squawk newsletter. Subscribe here to receive future editions in your inbox.Happy Wednesday. The restaurant reservation platform wars are heating up, and I'm wondering whether my fascination with this story is a sign that I eat out too often.Stock futures are higher this morning after a positive session yesterday.Here are five key things investors need to know to start the trading day:1. Trump's talkUS President Donald Trump, right, and US House Speaker Mike Johnson, a Republican from ...