Netflix backs out of bid for Warner Bros. Discovery, giving studios, HBO, and CNN to Ellison-owned Paramount
: tors feb 26, 2026 11:55 pm
In a one-two punch of centibillion-dollar offers, the bidding war for Warner Bros. Discovery is over. David Ellison-owned Paramount will acquire Warner Bros. Discovery. Netflix has lost.
Source: https://techcrunch.com/2026/02/26/netfl ... n-ellison/
Source: https://techcrunch.com/2026/02/26/netfl ... n-ellison/