Netflix declines to match higher bid for Warner Bros Discovery

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Go back to Netflix declines to match higher bid for Warner Bros Discovery

Netflix Declines to Raise Offer for Warner Bros.

February 26, 2026 5:45 PM EST

HOLLYWOOD, Calif., Feb. 26, 2026 /PRNewswire/ -- Netflix, Inc. today announced that it has declined to raise its offer for Warner Bros. Netflix had earlier received notice from Warner Bros. Discovery (WBD) that its Board of Directors has determined Paramount Skydance's (PSKY) latest proposal constitutes a "Superior Proposal" under the terms of WBD's existing merger agreement with... More