Breaking in just the past couple of minutes, Netflix is declining to raise its offer to buy Warner Brothers Discovery Studios and streaming business. The move effectively puts Paramount in a position to take over the storied Hollywood giant. Today, Warner Brothers board announced that Skyance owned Paramount's offer is superior to the agreement it had previously struck with Netflix.Now, Netflix says the price that would be required to buy Warner makes the deal no longer financially attractive. ...

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Netflix dropped its bid to buy Warner Bros. after the studio announced Paramount's latest bid to buy the entire company was "superior." "The transaction we negotiated would have created shareholder value with a clear path to regulatory approval. However, we've always been disciplined, and at the price required to match Paramount Skydance's latest offer, the deal is no longer financially attractive, so we are declining to match the Paramount Skydance bid," Netflix co-CEOs Ted Sarandos and Greg Peters said in ...

PARAMOUNT COMMENTS ON WARNER BROS. DISCOVERY BOARD'S DETERMINATION OF PARAMOUNT'S PROPOSAL AS SUPERIOR [Accessibility Statement] Skip NavigationLOS ANGELES and NEW YORK, Feb. 26, 2026 /PRNewswire/ -- Paramount Skydance Corporation (NASDAQ: PSKY) ("Paramount") confirms that it has been notified by Warner Bros. Discovery, Inc. (NASDAQ: WBD) ("WBD") that WBD's Board of Directors has determined that Paramount's $31 per share, all-cash proposal to acquire WBD is a "Company Superior Proposal" under the terms of W ...

Paramount Skydance may finally have the upper hand on Netflix in the bidding war for Warner Bros. Discovery. The WBD board announced on Thursday afternoon that it believes Paramount's offer to buy the entire company for $31 per share is better than Netflix's proposal to buy its studio and HBO assets for $27.75 per share.This story will be updated. ...

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Key Takeaways PSKY Q4 revenues of $48.14B and a 12 cent adjusted loss both missed consensus estimates.PSKY DTC revenues rose 10%, but TV Media sales fell 5% amid cord-cutting pressures.PSKY guided Q1 revenues of $7.15-$7.35B and reaffirmed $30B 2026 revenue target.Paramount Skydance Corporation (PSKY) reported fourth-quarter 2025 results, wherein both top and bottom lines missed the Zacks Consensus Estimate.The quarter was the company's first full period under the new management team of Chairman and CEO Dav ...

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Italy to soften sanctions in bid for smoother relations with markets | ReutersSkip to main content[Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv]A person walks near the Milan Bourse (Italian stock exchange) as global markets brace for a hit to trade and growth caused by U.S. President Donald Trump's decision to impose import tariffs on... [Purchase Licensing Rights, opens new tab] Read moreROME, Feb 26 (Reuters) - Italy plans to adopt a less punitive approach ...

Netflix Inc. (NASDAQ:NFLX) co-CEO Ted Sarandos is reportedly scheduled to attend meetings at the White House on Thursday as the bidding war to acquire Warner Bros. Discovery (NASDAQ:WBD) heats up.Although it is unclear if Sarandos will have a meeting with Trump during this visit, Sarandos reportedly had a private meeting with Trump in November.Warner Bros.’ board said Paramount's revised bid could potentially qualify as a "superior proposal" compared to Netflix's offer. The company will now continue discuss ...