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The Latest Breaking News from Warner Bros Discovery

HBO Max and Paramount Plus could merge into a single streaming platform, but the two services would "operate with independence," Paramount CEO proposes

"HBO should stay HBO," says Paramount CEO David Ellison

Total Film

Netflix Stock Surges 13.8% to $96.24 After Dropping Warner Bros. Bid, Signaling Relief Rally

Netflix Inc. (NFLX) shares closed at $96.24 on Friday, Feb. 27, 2026, up $11.65 or 13.77% from the previous session, marking the streaming giant's strongest single-day gain in recent memory after the company formally abandoned its months-long pursuit of Warner Bros. Discovery assets.

International Business Times

'Scream 7' opens with a franchise-best $64.1 million in box-office win for Paramount

“Scream” is still making a killing

The Independent UK

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Trump just got much closer to bringing CNN to heel

With David Ellison’s Paramount Skydance poised to buy Warner Bros Discovery, the president is tightening his grip on the US media

The Guardian - US

Is This Really the End for Warner Bros.?

So...what does it all mean?

The Mary Sue

Stocks Settle Lower as Bank Shares Tumble and Tech Stocks Fall

The S&P 500 Index ($SPX ) (SPY ) on Friday closed down -0.43%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed down -1.05%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -0.30%. March E-mini S&P futures (ESH26 ) fell -0.47%, and March E-mini Nasdaq futures...

Barchart

‘Not a done deal’: California vows ‘vigorous’ review of Paramount-Warner Bros takeover

Attorney general says $111bn deal will be investigated amid concerns over monopoly power and job losses

The Guardian - US

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Billionaires tied to Trump outbid Netflix to take over CNN’s parent company, and their vision for the network is making anchors sweat

CNN might be up for a huge change in direction.

We Got This Covered

Warner Bros. Discovery set to be acquired in entirety by Paramount Skydance

After Netflix walked away from the bidding, Warner Bros. Discovery is set to be acquired in its entirety by Paramount Skydance.

BANG Premier

What Paramount’s Warner Bros deal means for Hollywood after major acquisition

Two of Hollywood’s oldest studios are set to be consolidating into one. Here is what to know about the merger

The Independent UK

Plot twist — Netflix ditches Warner Bros deal as insiders call imminent Paramount takeover a ‘gut punch’

Netflix has decided to concede to Paramount in the battle for Warner Bros. Discovery.

TechRadar

Stocks Retreat on AI Disruption Concerns and Geopolitical Risks

The S&P 500 Index ($SPX ) (SPY ) today is down -0.61%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -1.17%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.41%. March E-mini S&P futures (ESH26 ) are down -0.59%, and March E-mini Nasdaq futures...

Barchart

Netflix CEO Visits White House — Then Walks Away From Warner Bros. Deal

Netflix has officially withdrawn from the bidding war for Warner Bros. Discovery, paving the way for a merger with Paramount Skydance.

International Business Times UK

Hollywood's mega-merger battle ends with Warner Bros. as the real winner

If the deal goes through, WBD CEO David Zaslav will have cemented his legacy as one of the savviest media dealmakers.

Axios

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International Business Times UK

Netflix Drops Warner Bros Bid: Why Ted Sarandos' White House Visit Couldn't Save the $83 Billion Deal

The reasons behind Netflix's decision to withdraw from the $83 billion Warner Bros Discovery acquisition, including political, financial, and regulatory challenges, and how this impacts the streaming industry.

Evening Standard

Paramount set to win Warner Bros takeover tussle as Netflix withdraws

The surprise development comes after Paramount increased its bid for Warner Bros to over £82 billion

The Independent UK

Paramount on course to win Warner Bros takeover tussle as Netflix withdraws

The surprise development comes after Paramount increased its bid for Warner Bros to over £82 billion.

The Guardian - UK

Netflix quits Warner Bros takeover battle; FTSE 100 ends week at record high – as it happened

Netflix shares have jumped 10% after it left Larry Ellison’s Paramount clear to buy Warner Bros, regulators permitting….

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news in one place.

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Axios

Netflix says it won't raise bid for Warner Bros.

Paramount appears to have won the fight for WBD if it obtains all the necessary approvals.

PC Gamer

Netflix isn't going to buy Warner Bros after all, meaning Paramount is set to take HBO, Warner Bros Games, and the rest

The acquisition was "always a 'nice to have' at the right price, not a 'must have' at any price," Netflix said.

The Independent UK

Netflix refuses to raise bid for Warner Bros. Discovery, paving way for Paramount takeover

‘The deal is no longer financially attractive,’ said Netflix in a statement

Cinemablend

Surprise! Paramount Just Scored A Major Victory Against Netflix To Acquire Warner Bros

I didn't see this happening.

Fortune

Warner Bros. officially deems Paramount’s bid ‘superior,’ and Netflix withdraws

Netflix investors are sending the stock up as it gets outbid for Warner Bros. What will the big red streamer do next?

The Guardian - US

Paramount Skydance wins Warner Bros Discovery bid after Netflix walks away from deal

Streamer said ‘deal no longer financially attractive’ at price required to match offer by David Ellison’s firm

Barchart

Netflix’s Unusual Options Activity: Was It the Bullish Signal Investors Were Waiting For or a Dead Cat Bounce?

Netflix’s unusual options activity yesterday was off the charts. The streamer had 24 options with Vol/OI ratios above 1.37, including five with volume over 20,000, just two days after NFLX stock hit a new 52-week low.

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