Netflix on Thursday said it would not match a bid from Paramount seeking to acquire Warner Brothers Discovery, the sprawling media empire that includes legacy brands in news and entertainment like CNN and HBO. News of the streamer bowing out of its deal with Warner Bros. Discovery came just minutes after the David Zaslav-led company…
Paramount wins bid to acquire Warner Brothers Discovery after Netflix bows out
Netflix on Thursday said it would not match a bid from Paramount seeking to acquire Warner Brothers Discovery, the sprawling media empire that includes legacy brands in news and entertainment like CNN and HBO. News of the streamer bowing out of its deal with Warner Bros. Discovery came just minutes
Last updated: June 21, 2026, 5:02 AM
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