Netflix drops out of bidding for WarnerBloombergNetflix Inc has dropped out of the fight to buy Warner Bros Discovery Inc, clearing the way for rival bidder Paramount Skydance Corp to clinch its US$111 billion deal for the historic Hollywood studio. The Paramount and Netflix logos are pictured in an arranged photograph taken on Dec. 8 last year. Late on Thursday, Warner Bros deemed Paramount’s latest US$31-a-share bid the superior offer. “Once our board votes to adopt the Paramount merger agreement, it will create tremendous value for our shareholders,” Warner Bros chief executive officer David Zaslav said in a statement. The US Senate Judiciary Committee had scheduled a hearing for March 4 to once again examine the Warner Bros sale following a hearing earlier this month.

Source: Taipei Times February 27, 2026 17:15 UTC