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NPR Business · Mar 1, 2026 1:08 PM EST Consumer

Paramount outbids Netflix to acquire Warner Bros. Discovery for $111 billion

Paramount has outbid Netflix to acquire Warner Bros. Discovery, a major shake-up that has many in the film industry worried.

Paramount outbids Netflix to acquire Warner Bros. Discovery for $111 billion
Image NPR Business

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  • PSKYParamount Named
  • NFLXNetflix Named
  • WBDWarner Bros. Discovery, Inc. - Series A Named

Companies named in the story.

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How this story developed

8 reports over 3 days
  1. NPR Business In reversal, Warner Bros. jilts Netflix for Paramount Neutral 0
  2. The Verge Netflix walks away from its deal to buy Warner Bros. after Paramount came back with a better offer Neutral 0
  3. BBC Business Netflix drops bid for Warner Bros, clearing way for Paramount takeover Neutral 0
  4. New York Times Business Paramount Is Set to Win Warner Bros. Now Comes the Hard Part. Bullish +31
  5. CBS Money Watch Netflix drops bid for Warner Bros. Discovery, paving the way for Paramount Skydance deal Neutral −2
  6. The Verge Warner Bros. Discovery agrees to $110 billion Paramount merger Neutral 0
  7. TechCrunch Why did Netflix back down from its deal to acquire Warner Bros.?
  8. NPR Business You're reading this Paramount outbids Netflix to acquire Warner Bros. Discovery for $111 billion Neutral 0

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