Netflix Bows Out, Paramount Wins Warner Bros. Bid
February 28, 2026·20 days ago·via Fortune

Netflix shocks Hollywood by pulling out of the Warner Bros. bidding war, handing victory to Paramount Skydance in a blockbuster $111 billion deal that swallows HBO, CNN, and the Warner studios. Paramount's aggressive playbook - lawsuits, hostile bids, and savvy lobbying of the Trump administration and GOP in Congress - outmaneuvered Netflix's $82.7 billion offer, proving discipline and political muscle beat deep pockets every time. Read more about this...