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

Record ID: 2359176

  • Title: Netflix declines to raise offer after Warner Bros says Paramount bid superior
  • Date: 26th February 2026
  • Summary: NEW YORK CITY, NEW YORK, UNITED STATES (FILE - OCTOBER 15, 2014) (REUTERS) VARIOUS OF EXTERIOR OF HBO OFFICES, WITH 'GAME OF THRONES' WINDOW DISPLAY LEAVESDEN, ENGLAND, UNITED KINGDOM (FILE - AUGUST 20, 2020) (REUTERS) SIGNS ON EXTERNAL WALL OF STUDIOS READING (English) “WARNER BROS STUDIO TOUR LONDON" AND "THE MAKING OF HARRY POTTER" LIGHTS ON LARGE MODEL OF HOGWARTS CAST
  • Embargoed:
  • Keywords: Netflix Paramount Warner Bros Discovery
  • Location: VARIOUS
  • City: VARIOUS
  • Country: US
  • Topics: Company News Markets,Economic Events,North America
  • Reuters ID: LVA005898226022026RP1
  • 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)
  • Copyright Holder: FILE REUTERS (CAN SELL)
  • Copyright Notice: (c) Copyright Thomson Reuters 2026. Open For Restrictions - http://about.reuters.com/fulllegal.asp
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