Netflix Lost. Netflix Won. Film at 11.
2026-02-27 13:03:32 ET
Netflix (NASDAQ: NFLX) has officially ended its bid to acquire the studio and streaming operations of Warner Bros. Discovery (NASDAQ: WBD) . The target company had a week to think about a raised bid from Paramount Skydance (NASDAQ: PSKY) , and came back leaning toward a Paramount deal in half that time.
Pending regulatory approval, it's a done deal. Netflix shares opened Friday's trading 11.6% higher on the news. Warner Bros. stock fell by roughly 2% and Paramount soared more than 18% higher. Combined, the three stocks added approximately $40 billion of market value today.
Was this the best outcome for Netflix? Maybe not from an industry domination perspective, but it certainly puts Netflix in a less stressful financial situation.
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