
Netflix exits Warner Bros. Discovery deal as Paramount Skydance makes superior all-cash bid, walks away with $2.8B breakup feeš„64
2/26/2026ā¢Business > Mergers & Acquisitions
- ā¢Warner Bros. Discovery board accepts superior all-cash offer from Paramount Skydance.
- ā¢Netflix receives a \$2.8 billion breakup fee for terminating the deal.
- ā¢Paramount Skydanceās offer deemed financially stronger and more immediate in value.
- ā¢Netflixās shares close at \$92.60, up \$1.89 or 2.29% on the day.
- ā¢Termination highlights high competition in the streaming and media consolidation race.












