Today, Netflix announced our acquisition of Warner Bros. Together, we’ll define the next century of storytelling, creating an extraordinary entertainment offering for audiences everywhere. about.netflix.com/en/news/ne…
Community note
In February 2026, Paramount offered a higher sum of money than Netflix offered to acquire Warner Bros, but Netflix refused to increase its offer.
Because of this, Netflix will not acquire Warner Bros.
reuters.com/legal/transact…
Netflix has won the bidding war to purchase Warner Bros. Discovery.
They are now entering exclusive deal talks, with Netflix offering $30 a share and a $5 billion break-up fee.
The sale is not yet finalized, as the U.S. Department of Justice could also interfere due to anti-trust concerns.
(Source: thewrap.com/netflix-wins-the…)