{
    "success": true,
    "data": {
        "id": 1575119,
        "msgid": "netflix-withdraws-from-warner-bros-discovery-acquisition-following-paramounts-increased-offer-1772182823",
        "date": "2026-02-27 14:30:48",
        "title": "Netflix Withdraws from Warner Bros Discovery Acquisition Following Paramount's Increased Offer",
        "author": "Erlangga Djumena",
        "source": "KOMPAS",
        "tags": "",
        "topic": "Business",
        "summary": "Netflix has officially withdrawn from its proposed acquisition of Warner Bros Discovery's studio and streaming assets after the WBD board approved Paramount Skydance's superior offer of $31 per share in cash, compared to Netflix's $27.75 per share proposal. Netflix's co-CEOs cited financial discipline, stating the acquisition at Paramount's higher price was no longer financially attractive and had been a \"nice to have\" rather than a necessity.",
        "content": "<p>NEW YORK \u2014 Netflix has officially withdrawn from its planned\nacquisition of studio and streaming assets owned by Warner Bros\nDiscovery (WBD) after the WBD board of directors announced on Thursday,\n26 February 2026 local time that Paramount Skydance\u2019s latest offer was\nsuperior.<\/p>\n<p>Paramount had previously increased its offer to acquire the entire\nWarner Bros Discovery for $31 USD per share in cash, higher than\nNetflix\u2019s proposal of $27.75 USD per share, which covered only the\nstudio and streaming business.<\/p>\n<p>This decision concluded a lengthy negotiation process between Netflix\nand Warner Bros Discovery that had been marked by revised offers from\nboth parties over recent months.<\/p>\n<p>Warner Bros Discovery CEO David Zaslav expressed appreciation to\nNetflix for the process undertaken. He added that the merger with\nParamount is believed to deliver significant value to shareholders.<\/p>\n<p>\u201cAfter our board approved the merger agreement with Paramount, this\nwill create great value for our shareholders. We are enthusiastic about\nthe potential of combining Paramount Skydance and Warner Bros\nDiscovery,\u201d he stated.<\/p>\n<p>Meanwhile, Netflix co-CEOs Ted Sarandos and Greg Peters emphasised\nthat the withdrawal decision was made due to financial discipline\nconsiderations.<\/p>\n<p>\u201cThe transaction we negotiated would create value for shareholders\nwith a clear regulatory approval pathway. However, at the price required\nto match Paramount Skydance\u2019s latest offer, the deal is no longer\nfinancially attractive,\u201d they said.<\/p>\n<p>Netflix concluded that acquiring Warner Bros Discovery was not an\nurgent necessity.<\/p>\n<p>\u201cThis transaction from the outset was a \u2018nice to have\u2019 at the right\nprice, not a \u2018must have\u2019 at any price,\u201d they stated firmly.<\/p>\n<p>In its latest proposal, Paramount Skydance also included a breakup\nfee of $7 billion USD should the merger fail to receive regulatory\napproval. Additionally, Paramount is willing to cover the $2.8 billion\nUSD cancellation fee that WBD must pay to Netflix if their agreement is\nterminated.<\/p>\n<p>Following the announcement, Netflix shares surged 10 per cent in\nafter-hours trading. Paramount shares rose 5 per cent, whilst Warner\nBros Discovery shares fell 2 per cent.<\/p>\n<p>Netflix\u2019s decision to withdraw has cleared the path for Paramount\nSkydance to proceed with the full merger with Warner Bros Discovery,\nincluding the takeover of television networks such as CNN, TBS, and\nTNT.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/netflix-withdraws-from-warner-bros-discovery-acquisition-following-paramounts-increased-offer-1772182823",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}