{"id":67521,"date":"2026-02-27T00:03:11","date_gmt":"2026-02-27T00:03:11","guid":{"rendered":"https:\/\/site.itshrt.com\/worldnews\/netflix-drops-83-billion-bid-for-warner-bros-discovery-paving-way-for-paramount-skydance-deal\/"},"modified":"2026-02-27T00:03:11","modified_gmt":"2026-02-27T00:03:11","slug":"netflix-drops-83-billion-bid-for-warner-bros-discovery-paving-way-for-paramount-skydance-deal","status":"publish","type":"post","link":"https:\/\/site.itshrt.com\/worldnews\/netflix-drops-83-billion-bid-for-warner-bros-discovery-paving-way-for-paramount-skydance-deal\/","title":{"rendered":"Netflix drops $83 billion bid for Warner Bros. Discovery, paving way for Paramount Skydance deal"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-6606220950177433\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- ItShrt World News -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-6606220950177433\"\r\n     data-ad-slot=\"1882483372\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script>\r\n<br \/>\n<\/p>\n<div id=\"article-0\">\n  <!-- lil observer --><\/p>\n<section class=\"content__body\">\n<p>Netflix said on Thursday that it will not match Paramount Skydance&#8217;s latest bid for Warner Bros. Discovery, clearing the way for a massive merger that could shake up the entertainment and media industry.\u00a0<\/p>\n<p>Netflix agreed in December to <span class=\"link\"><a href=\"https:\/\/www.cbsnews.com\/news\/netflix-buying-warner-bros-82-7-billion-purchase-nflx-wb\/\" data-invalid-url-rewritten-http=\"\">buy part of Warner Bros. Discovery<\/a><\/span> for $27.75 a share, or $82.7 billion. But Paramount Skydance had made a $30 a share all-cash offer to buy all of the company, and on Tuesday\u00a0<span class=\"link\"><a href=\"https:\/\/www.cbsnews.com\/news\/warner-bros-discovery-paramount-skydance-netflix-merger\/\" data-invalid-url-rewritten-http=\"\">raised its offer<\/a><\/span> for Warner Bros. Discovery to $31 a share (Paramount Skydance owns CBS News.)<\/p>\n<p>Earlier on Thursday, Warner Bros. Discovery&#8217;s board of directors notified Netflix that Paramount&#8217;s $31 per share offer constituted a &#8220;superior proposal&#8221; for the company.<\/p>\n<p>&#8220;The transaction we negotiated would have created shareholder value with a clear path to regulatory approval,&#8221; Netflix co-CEOs Ted Sarandos and Greg Peters <a href=\"https:\/\/about.netflix.com\/en\/news\/netflix-declines-to-raise-offer-for-warner-bros\" target=\"_blank\" rel=\"nofollow noopener\">said<\/a> in a statement Thursday. &#8220;However, we&#8217;ve always been disciplined, and at the price required to match Paramount Skydance&#8217;s latest offer, the deal is no longer financially attractive, so we are declining to match the Paramount Skydance bid.&#8221;<\/p>\n<p>Paramount Skydance didn&#8217;t immediately respond to a request for comment.<\/p>\n<p>Warner Bros. Discovery owns streaming and film studios, along with cable channels including CNN, Food Network, HBO Max, TBS and TNT.<\/p>\n<p>The merger of Paramount Skydance and Warner Bros. Discovery will require approval from federal antitrust enforcers. Paramount Skydance executives have said that combining the companies would benefit consumers and help boost the entertainment industry, which has struggled to recover from the pandemic.\u00a0<\/p>\n<p><em>\u2014 This is a developing story and will be updated.<\/em><\/p>\n<section class=\"content__body--footer\">\n<p class=\"content__meta--editors\">\n      Edited by<\/p>\n<p>                                  <a href=\"https:\/\/www.cbsnews.com\/team\/alain-sherter\/\" class=\"byline__author__link\" data-invalid-url-rewritten-http=\"\">Alain  Sherter<\/a>\n                      <\/p>\n<\/section>\n<p>  <!-- data-recirc-source=\"queryly\" --><\/p>\n<aside class=\"component list recirculation component--type-recirculation  \">\n<p><h3 class=\"component__title\">More from CBS News<\/h3>\n<\/p>\n<div class=\"component__item-recirc-block\">\n<p><h3 class=\"component__title\">Go deeper with The Free Press<\/h3>\n<\/p><\/div>\n<\/aside>\n<section class=\"content__body--footer\">\n      <!-- tags --><\/p>\n<section class=\"content__tags\">\n<p class=\"content__tags__label\">In:<\/p>\n<\/section>\n<\/section>\n<\/section>\n<\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-6606220950177433\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- ItShrt World News -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-6606220950177433\"\r\n     data-ad-slot=\"1882483372\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/www.cbsnews.com\/news\/netflix-warner-paramount-skydance-deal\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Netflix said on Thursday that it will not match Paramount Skydance&#8217;s latest bid for Warner Bros. Discovery, clearing the way<\/p>\n","protected":false},"author":1,"featured_media":67522,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[33],"tags":[1966],"class_list":["post-67521","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-us","tag-netflix"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Netflix drops $83 billion bid for Warner Bros. Discovery, paving way for Paramount Skydance deal - World News<\/title>\n<meta name=\"description\" content=\"Streaming giant declines to match Paramount Skydance&amp;#039;s $31 per share offer for Warner Bros. 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