
Article in the New York Times, by By Lauren HirschMichael M. Grynbaum and Benjamin Mullin, 2/26/26
Headline: “Netflix Backs Out of Bid for Warner Bros., Paving Way for an Ellison Takeover”
Subhead: “The move was a stunning development in the long-running corporate battle for the storied media giant.”
“Netflix said on Thursday that it would not counter Paramount’s higher bid for Warner Bros. Discovery, a stunning development that essentially assures the media giant will end up under the control of a rival bidder, the technology heir David Ellison.
“Netflix had beat out Paramount in December to sign an $83 billion deal to acquire a large portion of Warner Bros. Discovery’s business, including HBO and the storied Warner Bros. movie studio. The acquisition was poised to cement Netflix, once a striving outsider to the film and entertainment business, as the pre-eminent juggernaut of Hollywood. . .”
Read the full article at:
https://www.nytimes.com/2026/02/26/business/warner-bros-discovery-paramount-deal-netflix.html
– – – – –
Article in The Hill by Dominick Mastrangelo, 2/26/26
Headline: “Paramount wins bid to acquire Warner Brothers Discovery after Netflix bows out”
“Netflix on Thursday said it would not match a bid from Paramount seeking to acquire Warner Brothers Discovery, the sprawling media empire that includes legacy brands in news and entertainment like CNN and HBO.
“News of the streamer bowing out of its deal with Warner Bros. Discovery came just minutes after the David Zaslav-led company said it considered the hostile bid mounted by Paramount to be a ‘superior’ offer to the one it struck with the streamer late last year. . .”
Read the full article at:
https://thehill.com/homenews/media/5757985-netflix-declines-warner-discovery/
– – – – –
Article in Free Press by Staff, 2/26/26
Headline: “Paramount Skydance’s Takeover of Warner Bros. Is Bad News for Workers, Consumers and Free Expression”
“On Thursday, the Warner Bros. Discovery board decided to abandon its plans to sell the company to Netflix in favor of a Paramount Skydance bid. . .”
Free Press Co-CEO Craig Aaron said: “The Netflix deal was disastrous but this new one is even worse. The idea that Paramount should be allowed to control CBS and CNN should be unthinkable, especially given their record of turning the Tiffany Network into a trash heap. The Ellisons have already promised the Trump administration that they’ll make sweeping changes to CNN given the chance, and we know what that means: firing journalists, spiking important stories, and replacing the news with empty propaganda. . .”
Read the full article at:
https://www.freepress.net/news/paramount-skydances-takeover-warner-bros-bad-news-workers-consumers-and-free-expression