ABCNEWS - Paramount agrees to delay closing Warner Bros buyout while judge considers challenge
Skydance-owned Paramount on Friday agreed to delay closing its $81 billion buyout of Warner Bros
Skydance-owned Paramount on Friday agreed to delay closing its $81 billion buyout of Warner Bros
Warner Bros. Discovery shareholders on Thursday voted "overwhelmingly" in favor of the merger with Paramount Skydance, clearing a critical hurdle. - Yes, but: Shareholders did not approve the executive compensation package presented at the meeting. Why it matters: The executive compensation package would have seen CEO David Zaslav earning at least $500 million. Zoom in: More than 1.4 billion votes were cast against the compensation proposal, versus the 307.7 million in favor. Each share of WBD common stock is entitled to one vote. - The compensation proposal was an advisory, non-binding vote and not a condition for completion of the deal. - The executives could still earn the payments outlined in the package if the deal closes,…
Paramount CEO David Ellison must now make his case to regulators and a wary Hollywood that the merger is good for the industry.
The two companies formally signed a merger agreement in February, which will see Paramount acquire Warner Bros at $31 per share of the company, along with solutions to WBD’s debt financing costs.
Netflix co-CEO Ted Sarandos never met with President Trump or any White House officials last week when he visited Washington, according to sources familiar with the engagement. - Sarandos was informed shortly after arriving at the White House that his meeting was canceled because of a last-minute scheduling conflict, and then he promptly left the building. Why it matters: Media onlookers were quick to speculate that Sarandos' meeting at the White House on Thursday prompted Netflix to drop out of the bidding war for Warner Bros. Discovery. - But Netflix had already determined at that point that it wouldn't up its bid, Sarandos told Bloomberg. - Trump talked to Sarandos on the phone later that evening after Netflix had already announced…
It is entirely possible, analysts say, that Netflix will be better off by bailing from its $83 billion deal with Warner Bros. Discovery.
Netflix is declining to raise its offer to buy Warner Bros. Discovery’s studio and streaming business.
Netflix said Thursday that it won't raise its bid for Warner Bros. Discovery's streaming and studio assets, allowing Paramount Skydance to emerge as the winning bidder. Why it matters: The statement came shortly after WBD's board announced that Paramount's revised bid of $31 per share was superior to its deal with Netflix. What they're saying: Netflix co-CEOs Ted Sarandos and Greg Peters said in a statement that their deal "would have created shareholder value with a clear path to regulatory approval." - "However, 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." - They thanked WBD…
PULSE POINTSWHAT HAPPENED: Netflix decided not to increase its offer for Warner Bros.WHO WAS INVOLVED: Netflix, Warner Bros. Discovery, Paramount Skydance, and the WBD Board of Directors.WHEN & WHERE: February 26, 2026, in Hollywood, California.KEY QUOTE: “We’ve always been disciplined, and at the price required to match Paramount Skydance’s latest offer, the transaction is no […] The post Netflix is OUT, Declines to Match Paramount’s Offer for Warner Bros. appeared first on The National Pulse .
PULSE POINTS WHAT HAPPENED: Netflix decided not to increase its offer for Warner Bros. WHO WAS INVOLVED: Netflix, Warner Bros. Discovery, Paramount Skydance, and the WBD Board of Directors. WHEN & WHERE: February 26, 2026 , in Hollywood, California. KEY QUOTE: “We’ve always been disciplined, and at the price required to match Paramount Skydance’s latest offer, the transaction is no longer financially attractive.” – Netflix IMPACT: Netflix will continue to focus on organic growth and invest $20 billion in quality films and series this year. IN FULL Netflix has announced it will not increase its offer for Warner Bros. This decision comes after Warner Bros. Discovery (WBD) informed Netflix that its Board of Directors had assessed…Open
The Senate hearing comes as Netflix hopes to acquire Warner Bros Discovery in an $83 billion merger, though David Ellison’s Paramount has also put in a bid for WBD.