{"id":12858488,"date":"2026-02-26T21:03:10","date_gmt":"2026-02-27T02:03:10","guid":{"rendered":"https:\/\/www.philstockworld.com\/?p=12858488"},"modified":"2026-02-27T18:42:03","modified_gmt":"2026-02-27T23:42:03","slug":"netflix-backs-out-of-bid-for-warner-bros-paving-way-for-an-ellison-takeover","status":"publish","type":"post","link":"https:\/\/www.philstockworld.com\/2026\/02\/26\/netflix-backs-out-of-bid-for-warner-bros-paving-way-for-an-ellison-takeover\/","title":{"rendered":"Netflix Backs Out of Bid for Warner Bros., Paving Way for an Ellison Takeover"},"content":{"rendered":"<header class=\"css-1qv3lay euiyums1\">\n<div>\n<div>\n<h2 id=\"link-4d962eab\" data-testid=\"headline\"><a href=\"https:\/\/www.nytimes.com\/2026\/02\/26\/business\/warner-bros-discovery-paramount-deal-netflix.html?unlocked_article_code=1.PVA.qBOp.OMb6JIm0vKq_&amp;smid=url-share\" target=\"_blank\" rel=\"noopener\">Netflix Backs Out of Bid for Warner Bros., Paving Way for an Ellison Takeover<\/a><\/h2>\n<\/div>\n<\/div>\n<p id=\"article-summary\" class=\"css-79rysd e1wiw3jv0\"><em>The move was a stunning development in the long-running corporate battle for the storied media giant.<\/em><\/p>\n<div class=\"css-p6m5rf\">\n<div class=\"byline-container css-iixmjo epjyd6m2\">\n<div class=\"css-233int epjyd6m1\">\n<p class=\"css-4anu6l e1jsehar1\"><span class=\"byline-prefix\">By\u00a0<\/span><a class=\"css-m3qogn e1jsehar0\" href=\"https:\/\/www.nytimes.com\/by\/lauren-hirsch\">Lauren Hirsch, <\/a><a class=\"css-ojhyzr e1jsehar0\" href=\"https:\/\/www.nytimes.com\/by\/michael-m-grynbaum\">Michael M. Grynbaum,<\/a>\u00a0and\u00a0<a class=\"last-byline css-ojhyzr e1jsehar0\" href=\"https:\/\/www.nytimes.com\/by\/benjamin-mullin\">Benjamin Mullin, NY Times <\/a><\/p>\n<p class=\"css-4anu6l e1jsehar1\"><span style=\"font-family: Verdana, BlinkMacSystemFont, -apple-system, 'Segoe UI', Roboto, Oxygen, Ubuntu, Cantarell, 'Open Sans', 'Helvetica Neue', sans-serif;\">Netflix said on Thursday that it had backed away from its deal to acquire Warner Bros. Discovery, a stunning development that paves the way for the storied Hollywood media giant to end up under the control of a rival bidder, the technology heir David Ellison.<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/header>\n<section class=\"meteredContent css-6wov7h\">\n<div class=\"css-s99gbd StoryBodyCompanionColumn\" data-testid=\"companionColumn-0\">\n<div class=\"css-53u6y8\">\n<p class=\"css-ac37hb evys1bk0\">Netflix said that it would not raise its offer to counter a higher bid made earlier this week by Mr. Ellison\u2019s company, Paramount Skydance, adding in a statement that \u201cthe deal is no longer financially attractive.\u201d<\/p>\n<p class=\"css-ac37hb evys1bk0\">\u201cThis transaction was always a \u2018nice to have\u2019 at the right price, not a \u2018must have\u2019 at any price,\u201d the Netflix co-chief executives, Ted Sarandos and Greg Peters, said in a statement.<\/p>\n<p><a href=\"https:\/\/www.nytimes.com\/2026\/02\/26\/business\/warner-bros-discovery-paramount-deal-netflix.html?unlocked_article_code=1.PVA.qBOp.OMb6JIm0vKq_&amp;smid=url-share\" target=\"_blank\" rel=\"noopener\">More here &gt;<\/a><\/p>\n<\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"<p>Netflix Backs Out of Bid for Warner Bros., Paving Way for an Ellison Takeover The move was a stunning development in the long-running corporate battle for the storied media giant. By\u00a0Lauren Hirsch, Michael M. Grynbaum,\u00a0and\u00a0Benjamin Mullin, NY Times Netflix said on Thursday that it had backed away from its deal to acquire Warner Bros. Discovery, [&hellip;]<\/p>\n","protected":false},"author":183,"featured_media":12858489,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[26922,21,1,12,25391],"tags":[371],"class_list":{"0":"post-12858488","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-market-news","8":"category-available","9":"category-uncategorized","10":"category-phils-favorites","11":"category-members-corner","12":"tag-politics"},"_links":{"self":[{"href":"https:\/\/www.philstockworld.com\/wp-json\/wp\/v2\/posts\/12858488","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.philstockworld.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.philstockworld.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.philstockworld.com\/wp-json\/wp\/v2\/users\/183"}],"replies":[{"embeddable":true,"href":"https:\/\/www.philstockworld.com\/wp-json\/wp\/v2\/comments?post=12858488"}],"version-history":[{"count":1,"href":"https:\/\/www.philstockworld.com\/wp-json\/wp\/v2\/posts\/12858488\/revisions"}],"predecessor-version":[{"id":12858490,"href":"https:\/\/www.philstockworld.com\/wp-json\/wp\/v2\/posts\/12858488\/revisions\/12858490"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.philstockworld.com\/wp-json\/wp\/v2\/media\/12858489"}],"wp:attachment":[{"href":"https:\/\/www.philstockworld.com\/wp-json\/wp\/v2\/media?parent=12858488"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.philstockworld.com\/wp-json\/wp\/v2\/categories?post=12858488"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.philstockworld.com\/wp-json\/wp\/v2\/tags?post=12858488"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}