Netflix Withdraws from Acquisition of Warner Bros. Discovery Assets as Board Favors Paramount's Offer

Deep News02-27

Stock index futures declined in premarket trading on Friday, following a previous session where the S&P 500 and Nasdaq Composite closed lower.

Netflix has exited the deal to acquire certain assets of Warner Bros. Discovery, after the WBD board stated that they considered Paramount's updated acquisition proposal to be superior. This marks the latest development in a months-long acquisition saga that has unsettled Hollywood.

The decision came after WBD indicated on Thursday that Paramount's new all-cash offer of $31 per share would be more favorable than its current agreement with Netflix. WBD provided the streaming giant a four-day window to revise its proposal.

Shortly thereafter, Netflix's co-CEOs, Ted Sarandos and Greg Peters, announced that matching Paramount's offer would render the transaction financially unattractive.

While Netflix was only interested in acquiring WBD's studio and streaming assets, Paramount sought to purchase the entire business. WBD's other brands include CNN, TBS, and TNT.

Notably, Sarandos visited the White House shortly before the company announced its withdrawal from the deal. A White House official informed CNBC that Sarandos did not meet with President Donald Trump personally.

Shares of both Netflix and Paramount surged nearly 8% in after-hours trading. In contrast, WBD's stock declined by close to 2%.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1140365737?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-02-27 21:44","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1140365737","market":"sh","top_or_hot":-1,"title":"Netflix Withdraws from Acquisition of Warner Bros. Discovery Assets as Board Favors Paramount's Offer","media":"Deep News","content":"<p>Stock index futures declined in premarket trading on Friday, following a previous session where the S&P 500 and Nasdaq Composite closed lower.</p>\n<p>Netflix has exited the deal to acquire certain assets of Warner Bros. Discovery, after the WBD board stated that they considered Paramount's updated acquisition proposal to be superior. This marks the latest development in a months-long acquisition saga that has unsettled Hollywood.</p>\n<p>The decision came after WBD indicated on Thursday that Paramount's new all-cash offer of $31 per share would be more favorable than its current agreement with Netflix. WBD provided the streaming giant a four-day window to revise its proposal.</p>\n<p>Shortly thereafter, Netflix's co-CEOs, Ted Sarandos and Greg Peters, announced that matching Paramount's offer would render the transaction financially unattractive.</p>\n<p>While Netflix was only interested in acquiring WBD's studio and streaming assets, Paramount sought to purchase the entire business. WBD's other brands include CNN, TBS, and TNT.</p>\n<p>Notably, Sarandos visited the White House shortly before the company announced its withdrawal from the deal. A White House official informed CNBC that Sarandos did not meet with President Donald Trump personally.</p>\n<p>Shares of both Netflix and Paramount surged nearly 8% in after-hours trading. In contrast, WBD's stock declined by close to 2%.</p>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Netflix Withdraws from Acquisition of Warner Bros. Discovery Assets as Board Favors Paramount's Offer</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNetflix Withdraws from Acquisition of Warner Bros. Discovery Assets as Board Favors Paramount's Offer\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1039043262\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/8296859682db4b478146245e72de1922);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Deep News </p>\n<p class=\"h-time\">2026-02-27 21:44</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Stock index futures declined in premarket trading on Friday, following a previous session where the S&P 500 and Nasdaq Composite closed lower.</p>\n<p>Netflix has exited the deal to acquire certain assets of Warner Bros. Discovery, after the WBD board stated that they considered Paramount's updated acquisition proposal to be superior. This marks the latest development in a months-long acquisition saga that has unsettled Hollywood.</p>\n<p>The decision came after WBD indicated on Thursday that Paramount's new all-cash offer of $31 per share would be more favorable than its current agreement with Netflix. WBD provided the streaming giant a four-day window to revise its proposal.</p>\n<p>Shortly thereafter, Netflix's co-CEOs, Ted Sarandos and Greg Peters, announced that matching Paramount's offer would render the transaction financially unattractive.</p>\n<p>While Netflix was only interested in acquiring WBD's studio and streaming assets, Paramount sought to purchase the entire business. WBD's other brands include CNN, TBS, and TNT.</p>\n<p>Notably, Sarandos visited the White House shortly before the company announced its withdrawal from the deal. A White House official informed CNBC that Sarandos did not meet with President Donald Trump personally.</p>\n<p>Shares of both Netflix and Paramount surged nearly 8% in after-hours trading. In contrast, WBD's stock declined by close to 2%.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2552382132.HKD","symbol_name":"WELLINGTON US BRAND POWER \"A\" (HKD) ACC","start_time":0,"source_url":"","article_id":"1140365737","we_media_id":"1039043262","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1140365737","pubTimestamp":1772199887,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Deep News","introduction":"Global Stock Market Deep Analysis","home_visible":1,"id":"1039043262","head_image":"https://community-static.tradeup.com/news/8296859682db4b478146245e72de1922"},"summary":"Stock index futures declined in premarket trading on Friday, following a previous session where the S&P 500 and Nasdaq Composite closed lower. Netflix has exited the deal to acquire certain assets of...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU2552382132.HKD":"WELLINGTON US BRAND POWER \"A\" (HKD) ACC","LU0130517989.USD":"HARRIS ASSOCIATES US VALUE EQUITY \"R\" INC","LU0130102774.USD":"Natixis Harris Associates US Equity RA USD","NFXL":"2倍做多NFLX ETF-Direxion","IE00B19Z8X17.USD":"FTGF CLEARBRIDGE US LARGE CAP GROWTH  \"AG\" (USD) ACC","NFXS":"1倍做空NFLX ETF-Direxion","LU0234572021.USD":"高盛美国核心股票组合Acc","LU0210536198.USD":"JPM US GROWTH \"A\" ACC","LU0477156953.USD":"HARRIS ASSOCIATES US VALUE EQUITY \"RE\" (USD) ACC","LU1069344957.HKD":"AB SICAV I - AMERICAN GROWTH PORTFOLIO \"AD\" (HKD) INC","BK4532":"文艺复兴科技持仓","LU2896262040.SGD":"JPM US GROWTH FUND \"A\" (SGD) ACC","IE00BKVL7J92.USD":"Legg Mason ClearBridge - US Equity Sustainability Leaders A Acc USD","LU0006306889.USD":"SCHRODER ISF US LARGE CAP \"A\" (USD) INC AV","BK4534":"瑞士信贷持仓","LU1814569148.SGD":"WELLINGTON GLOBAL QUALITY GROWTH \"D\" (SGDHDG) ACC","LU2087625088.SGD":"ALLSPRING  US ALL CAP GROWTH \"A\" (SGDHDG) ACC","LU1064131342.USD":"Fullerton Lux Funds - Global Absolute Alpha A Acc USD","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","LU1429558221.USD":"Natixis Loomis Sayles US Growth Equity RA USD","LU1548497426.USD":"安联环球人工智能AT Acc","SGXZ99366536.SGD":"United Global Innovation A Acc SGD-H","LU1435385759.SGD":"Natixis Loomis Sayles US Growth Equity RA SGD-H","WBD":"WARNER BROS DISCOVERY INC","LU2264538146.SGD":"Fullerton Lux Funds - Global Absolute Alpha A Acc SGD","BK4548":"巴美列捷福持仓","LU1316542783.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD","LU0106261372.USD":"SCHRODER ISF US LARGE CAP \"A\" ACC","SGXZ51526630.SGD":"大华环球创新基金A Acc SGD","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H","IE00BKPKM429.USD":"NEUBERGER BERMAN GLOBAL SUSTAINABLE EQUITY \"A\" (USD) ACC","LU1778281490.HKD":"HSBC GIF GLOBAL LOWER CARBON EQUITY \"AD\" (HKD) INC","LU0642271901.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD-H","IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","LU0203202063.USD":"AB SICAV I - ALL MARKET INCOME PORTFOLIO \"A2X\" (USD) ACC","LU0082616367.USD":"摩根大通美国科技A（dist）","LU0077335932.USD":"FIDELITY AMERICAN GROWTH \"A\" INC","LU1035775433.USD":"AB SICAV I - AMERICAN GROWTH PORTFOLIO \"AD\" (USD) INC","BK4585":"ETF&股票定投概念","LU0353189680.USD":"富国美国全盘成长基金Cl A Acc","LU0203201768.USD":"AB SICAV I - ALL MARKET INCOME PORTFOLIO \"AX\" (USD) INC","BK4587":"ChatGPT概念","PARA":"Paramount Global","LU2362540622.SGD":"WELLINGTON NEXT GENERATION GLOBAL EQUITY \"A\" (SGDHDG) ACC","LU0868494617.USD":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD) ACC","LU0417517546.SGD":"Allianz US Equity Cl AT Acc SGD","LU1127390331.HKD":"AB SICAV I - ALL MARKET INCOME PORTFOLIO \"A\" (HKD) ACC","LU2361044949.HKD":"WELLINGTON US QUALITY GROWTH \"A\" (HKD) ACC","LU0882574139.USD":"富达环球消费行业基金A ACC","BK4588":"碎股","LU2361044865.SGD":"WELLINGTON US QUALITY GROWTH \"A\" (SGDHDG) ACC","BK4108":"电影和娱乐","LU1201861249.SGD":"Natixis Harris Associates US Equity PA SGD-H","BK4507":"流媒体概念","LU0079474960.USD":"联博美国增长基金A","LU0149725797.USD":"汇丰美国股市经济规模基金","IE00BQXX3D17.EUR":"GUINNESS GLOBAL INNOVATORS \"C\" (EUR) ACC","LU0980610538.SGD":"Natixis Harris Associates US Equity RA SGD-H","IE00BQXX3C00.GBP":"GUINNESS GLOBAL INNOVATORS \"C\" (GBP) ACC","LU0648001328.SGD":"Natixis Harris Associates US Equity RA SGD","LU2361045086.USD":"WELLINGTON US QUALITY GROWTH \"A\" (USD) ACC","BK4598":"佩洛西持仓","LU1046421795.USD":"富达环球科技A-ACC","BK4551":"寇图资本持仓","IE00BQXX3F31.USD":"GUINNESS GLOBAL INNOVATORS \"C\" (USD) ACC","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","NFLX":"奈飞","LU2108987350.USD":"UBS (LUX) EQUITY SICAV GLOBAL OPPORTUNITY SUSTAINABLE (USD) \"P\" (USD) ACC","BK4125":"广播","LU0127658192.USD":"EASTSPRING INVESTMENTS GLOBAL TECHNOLOGY \"A\" (USD) ACC","LU2362541273.HKD":"WELLINGTON NEXT GENERATION GLOBAL EQUITY \"A\" (HKD) ACC","LU2362541513.USD":"WELLINGTON NEXT GENERATION GLOBAL EQUITY \"A\" (USD) ACC","LU1989764664.SGD":"CPR Invest - Global Disruptive Opportunities A2 Acc SGD-H","BK4566":"资本集团","LU1267930730.SGD":"富兰克林美国机遇基金AS Acc SGD (CPF)","SGXZ23171101.USD":"NIKKO AM SHENTON GLOBAL OPPORTUNITIES (USD) ACC","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","LU0109391861.USD":"富兰克林美国机遇基金A Acc","LU1366192091.USD":"ALLIANZ US EQUITY PLUS \"AM\" (USD) INC","IE00B19Z8W00.USD":"FTGF CLEARBRIDGE US LARGE CAP GROWTH \"A\" INC","LU0256863902.USD":"ALLIANZ US EQUITY \"AT\" (USD) ACC","LU2461242641.AUD":"WELLINGTON US QUALITY GROWTH \"A\" (AUDHDG) ACC","LU0256863811.USD":"ALLIANZ US EQUITY \"A\" INC","LU0097036916.USD":"贝莱德美国增长A2 USD","LU0868494708.USD":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD) INC","LU0215105999.USD":"SCHRODER ISF GLOBAL EQUITY \"A\" ACC","LU2860962120.EUR":"CPR INVEST - ARTIFICIAL INTELLIGENCE \"A2\" (EUR) ACC A","LU0225283273.USD":"SCHRODER ISF GLOBAL EQUITY ALPHA \"A\" (USD) ACC","SG9999004303.SGD":"Nikko AM Shenton Global Opportunities SGD","LU0672654240.SGD":"FTIF - Franklin US Opportunities A Acc SGD-H1","LU0786609619.USD":"高盛全球千禧一代股票组合Acc","LU1988902786.USD":"FULLERTON LUX FUNDS GLOBAL ABSOLUTE ALPHA \"I\" (USD) ACC","BK4524":"宅经济概念","NFLP":"KURV YIELD PREMIUM STRATEGY NETFLIX (NFLX) ETF","BK4527":"明星科技股","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","NFLU":"2倍做多NFLX ETF-T-REX","LU1232071149.USD":"AZ FUND 1 GLOBAL GROWTH SELECTOR \"AAZ\" (USDHDG) ACC","NFLW":"Roundhill NFLX WeeklyPay™ ETF","SGXZ81514606.USD":"大华环球创新基金A Acc USD","LU0320765059.SGD":"FTIF - Franklin US Opportunities A Acc SGD","LU1823568750.SGD":"Fidelity Global Technology A-ACC SGD","IE00B19Z9505.USD":"美盛-美国大盘成长股A Acc","LU0210533765.USD":"JPM GLOBAL GROWTH \"A\" (USD) ACC","BK4581":"高盛持仓","LU1674673691.USD":"HSBC GIF GLOBAL LOWER CARBON EQUITY \"AD\" (USD) INC","NFLY":"NFLX期权收益策略ETF-YieldMax","LU1674673428.USD":"HSBC GIF GLOBAL LOWER CARBON EQUITY \"AC\" (USD) ACC","LU0234570918.USD":"高盛全球核心股票组合Acc Close","LU2552382215.SGD":"WELLINGTON US BRAND POWER \"A\" (SGDHDG) ACC","LU2237957902.USD":"NIKKO AM GLOBAL EQUITY \"F\" (USD) ACC","LU2543165471.USD":"E FUND (HK) GLOBAL QUALITY GROWTH \"A\" (USD) ACC","LU0353189763.USD":"ALLSPRING  US ALL CAP GROWTH FUND \"I\" (USD) ACC","LU0942090050.USD":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD)  INC","LU0708995401.HKD":"FRANKLIN U.S. OPPORTUNITIES \"A\" (HKD) ACC","LU2237957811.SGD":"NIKKO AM GLOBAL EQUITY \"F\" (SGD) ACC","LU2552382058.USD":"WELLINGTON US BRAND POWER \"A\" (USD) ACC"},"translate_title":"由于董事会支持派拉蒙的报价，Netflix退出对华纳兄弟探索资产的收购","themeId":"5894d0d0c5c8890bdb1655284a6ef363","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NFLW":1,"PARA":1,"NFLU":1,"NFLY":1,"NFXS":1,"WBD":1,"NFLX":1,"NFXL":1,"NFLP":1},"content_text":"Stock index futures declined in premarket trading on Friday, following a previous session where the S&P 500 and Nasdaq Composite closed lower.\nNetflix has exited the deal to acquire certain assets of Warner Bros. Discovery, after the WBD board stated that they considered Paramount's updated acquisition proposal to be superior. This marks the latest development in a months-long acquisition saga that has unsettled Hollywood.\nThe decision came after WBD indicated on Thursday that Paramount's new all-cash offer of $31 per share would be more favorable than its current agreement with Netflix. WBD provided the streaming giant a four-day window to revise its proposal.\nShortly thereafter, Netflix's co-CEOs, Ted Sarandos and Greg Peters, announced that matching Paramount's offer would render the transaction financially unattractive.\nWhile Netflix was only interested in acquiring WBD's studio and streaming assets, Paramount sought to purchase the entire business. WBD's other brands include CNN, TBS, and TNT.\nNotably, Sarandos visited the White House shortly before the company announced its withdrawal from the deal. A White House official informed CNBC that Sarandos did not meet with President Donald Trump personally.\nShares of both Netflix and Paramount surged nearly 8% in after-hours trading. In contrast, WBD's stock declined by close to 2%.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.36.2","shortVersion":"4.36.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1140365737","isCrawlerRequest":true}