Business · 27 February 2026
Netflix's $111bn Warner Bros bid collapses after White House meeting
Thomas Wolf, www.foto-tw.de via Wikimedia Commons (CC BY-SA 4.0)
Netflix has abandoned its planned acquisition of Warner Bros after declining to raise its initial bid. The streaming giant refused to match a competing $111bn proposal from Paramount Skydance, claiming the purchase was no longer financially viable. This withdrawal followed a White House meeting between CEO Ted Sarandos and justice department officials. Additionally, President Trump recently demanded the company sack board member Susan Rice.
Reported by BBC · How we write briefs