Netflix declines to raise offer after Warner Bros says Paramount bid superior

Record ID: 2359173

  • Title: Netflix declines to raise offer after Warner Bros says Paramount bid superior
  • Date: 26th February 2026
  • Summary: (SOUNDBITE) (Albanian) FOUNDER OF GEEK ROOM ALBANIA, BRENTON BENJA, SAYING: "First, I did not think at the beginning and I still do not think today that TikTok is the problem. I believe that what happens on TikTok is simply a reflection of Albanian society. It is not TikTok, nor Instagram, nor any social network that is the problem." TIRANA, ALBANIA (FEBRUARY 13, 2026) (RE
  • Embargoed:
  • Keywords: Netflix Paramount Warner Bros Discovery
  • Location: VARIOUS
  • City: VARIOUS
  • Country: US
  • Topics: Company News Markets,Economic Events,North America
  • Reuters ID: LVA001898226022026RP1
  • Aspect Ratio: 16:9
  • Story Text: Netflix on Thursday (February 26) refused to raise its offer for Warner Bros Discovery after the coveted Hollywood studio said Paramount Skydance's revised $31-a-share offer was superior to its existing deal with the streaming giant.
    Shares of Netflix jumped 10% in extended trading.
    "We've always been disciplined, and at the price required to match Paramount Skydance's latest offer, the deal is no longer financially attractive, so we are declining to match the Paramount Skydance bid," Netflix said in a statement.
    (Production: Rollo Ross)
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