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Coverage dated February 23, 2026 to February 26, 2026

Netflix declines to raise offer to buy Warner Bros., says deal is ‘no longer financially attractive’

Headline from FOX 4 Dallas, on the newest of 3 developments

Unlike Netflix’s bid, Paramount wants all of Warner’s operations, including networks like CNN and Discovery. That would put CNN under the same roof as Paramount’s CBS and combine two of Hollywood’s last five remaining studios.

FOX 4 Dallas's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.

Earlier updates in this story

Developments in this update

3 dated developments, oldest first, newest marked. Each is named by one outlet's own headline; open its reports to see every outlet that covered it.

  1. Paramount’s New Takeover Bid May Beat Netflix Offer, WBD Says

    Headline from Forbes ·

  2. Netflix drops out of bidding after WBD deems Paramount’s takeover bid ‘superior’

    Headline from KEYT Santa Barbara ·

  3. Newest

    Netflix declines to raise offer to buy Warner Bros., says deal is ‘no longer financially attractive’

    Headline from FOX 4 Dallas ·

Read the reports

Reports & sources

96 articles, oldest first.

  1. Washington Examiner

    WBD recommends Netflix offer despite new Paramount proposal (opens Washington Examiner)

    Published

    Washington Examiner's feed description

    Warner Bros.'s leadership has thus far favored Netflix’s offer to acquire some of the company’s assets for a $72 billion deal.

  2. NBC News

    Warner Bros. Discovery says new Paramount bid could best Netflix offer (opens NBC News)

    Published

    NBC News's feed description

    Warner Bros. Discovery said Paramount Skydance's new bid for the entire company "could reasonably be" superior to Netflix's deal.

  3. Variety

    Warner Bros. Discovery Likely to Take New Paramount Skydance Offer Under Review While Still Recommending Netflix Pact to Shareholders (opens Variety)

    Published

    Variety's feed description

    Warner Bros. Discovery is likely to tell shareholders it is reviewing a new offer from Paramount while still endorsing the $83 billion Netflix pact.

  4. Al Jazeera

    Warner Bros gets new offer from Paramount but still recommends Netflix bid (opens Al Jazeera)

    Published

    Al Jazeera's feed description

    If Warner’s board changes course and deems Paramount’s latest offer superior, Netflix will be able to revise its bid.

  5. Gizmodo

    Warner Bros. Has Decided That Maybe Paramount Could Be the Better Deal After All (opens Gizmodo)

    Published

    Gizmodo's feed description

    The battle between Paramount and Netflix over Warner Bros. has taken a new turn.

  6. Lamag

    Paramount’s Sweeter Offer Puts Netflix-WBD Deal Back in Play (opens Lamag)

    Published

    Lamag's feed description

    Paramount’s $31-per-share offer pressures Warner Bros. Discovery to reconsider its Netflix agreement amid a growing bidding war.

  7. Forbes

    Paramount’s New Takeover Bid May Beat Netflix Offer, WBD Says (opens Forbes)

    Published

    Forbes's feed description

    Netflix allowed the legacy media company to reopen talks with Paramount.

  8. New York Post

    Warner Bros. Discovery may upend Netflix deal after getting revised bid from David Ellison’s Paramount (opens New York Post)

    Published

    New York Post's feed description

    Warner Bros. Discovery said Tuesday that it will consider a revised offer by Paramount Skydance to upend its nearly sealed Netflix deal after the hostile bidder upped its $78 billion offer by another $2.6 billion.

  9. Breitbart News

    Paramount Puts Pressure on Netflix, Raising Bid to Buy Warner Bros. to $31 Per Share (opens Breitbart News)

    Published

    Breitbart News's feed description

    Warner Bros. Discovery announced Tuesday that Paramount Skydance has raised its purchase offer to $31 per share, which may top Netflix’s offer.

  10. Fortune

    Warner Bros. is still recommending Netflix's takeover bid, but it's reviewing a fresh Paramount offer (opens Fortune)

    Published

    Fortune's feed description

    Neither company provided further details on the revised Paramount bid, but it was widely expected to have raised its offer.

  11. CNET

    Warner Bros. Discovery Finds Paramount's Latest Bid 'Superior' to Netflix (opens CNET)

    Published

    CNET's feed description

    Depending on the outcome, the Netflix merger may not happen.

  12. MyNorthwest

    Warner Bros. Discovery deems Paramount's takeover bid superior to Netflix deal (opens MyNorthwest)

    Published

    MyNorthwest's feed description

    NEW YORK (AP) — Warner Bros. Discovery has determined that Paramount’s latest takeover offer is better than the streaming and studio deal it struck with

  13. The Guardian

    Netflix given four days to match ‘superior’ Paramount offer for Warner Bros Discovery (opens The Guardian)

    Published

    The Guardian's feed description

    WBD board says $31-per-share offer constitutes ‘company superior proposal’, triggering Netflix’s window to respond

  14. KESQ Palm Springs

    Netflix drops out of bidding after WBD deems Paramount’s takeover bid ‘superior’ (opens KESQ Palm Springs)

    Published

    KESQ Palm Springs's feed description

    By Brian Stelter, CNN (CNN) — Netflix said Thursday afternoon that it has “declined to raise its offer for Warner Bros.” after the Warner Bros. Discovery board determined that Paramount has submitted a “superior” offer.

  15. NPR

    In reversal, Warner Bros. jilts Netflix for Paramount (opens NPR)

    Published

    NPR's feed description

    Warner Bros. says Paramount's sweetened bid to buy the whole company is "superior" to an $83 billion deal it struck with Netflix for just its streaming services, studios, and intellectual property.

  16. Forbes

    Paramount Takes Lead In War With Netflix Over Warner Bros. (opens Forbes)

    Published

    Forbes's feed description

    The Netflix merger agreement is still in effect—and the Warner Bros. Discovery board ‘continues to recommend” the Netflix deal—according to a statement. But it could crumble if Netflix doesn’t make a new offer.

  17. New York Post

    Warner Bros. Discovery says Paramount’s $31 per share bid is ‘superior’ to Netflix offer — latest twist in bidding war (opens New York Post)

    Published

    New York Post's feed description

    Warner Bros. Discovery's board has labeled a revamped bid from Paramount Skydance a "superior proposal," throwing a wrench into its pending merger with Netflix

  18. Gizmodo

    Netflix Backs Out of Warner Bros. Deal, Paving Way for Paramount Assimilation (opens Gizmodo)

    Published

    Gizmodo's feed description

    Netflix has declined to raise its offer for Warner Bros. after Paramount's most recent bid was deemed a 'superior proposal.'

  19. Variety

    Warner Bros. Discovery Declares New Paramount Bid a ‘Superior Proposal’; Netflix Has Four Business Days to Match (opens Variety)

    Published

    Variety's feed description

    The Warner Bros. Discovery board says the latest offer from Paramount is 'superior' to its deal with Netflix, which now has four days to counter.

  20. Deadline

    Warner Bros Discovery Board Calls Paramount's Proposal "Superior" (opens Deadline)

    Published

    Deadline's feed description

    Warner Bros. Discovery is opening the door to a bidding war between Paramount and Netflix, labeling Paramount's latest bid a "company superior offer."

  21. Variety

    It’s Over: Netflix Declines to Raise Bid for Warner Bros. Discovery (opens Variety)

    Published

    Variety's feed description

    Netflix has declined to increase its offer for Warner Bros. Discovery.

  22. The Hollywood Reporter

    Warner Bros. Says Paramount’s New Offer Is “Superior.” Netflix Has Four Days to Respond (opens The Hollywood Reporter)

    Published

    The Hollywood Reporter's feed description

    Paramount offer for Warner bros. Discovery is superior to Netflix, WBD board says, triggering window for streaming giant to respond.

  23. WSVN Miami

    Warner Bros. Discovery deems Paramount’s takeover bid superior to Netflix deal - WSVN 7News | Miami News, Weather, Sports (opens WSVN Miami)

    Published

    WSVN Miami's feed description

    NEW YORK (AP) — Warner Bros. Discovery has determined that Paramount’s latest takeover offer is superior to the streaming and studio agreement it struck with

  24. NBC 5 Dallas-Fort Worth

    Warner Bros. Discovery says Paramount's offer is 'superior' to Netflix deal (opens NBC 5 Dallas-Fort Worth)

    Published

    NBC 5 Dallas-Fort Worth's feed description

    Netflix has four business days to revise its previous bid.

  25. Al Jazeera

    Netflix stock surges as it walks away from Warner Bros deal (opens Al Jazeera)

    Published

    Al Jazeera's feed description

    Netflix declined to raise its proposal to match a higher one from Paramount for Warner Bros.

Showing the first 25 of 67 headlines. ·

Identical headlines usually mean shared wire copy. They are counted as separate articles but are not independent confirmation.

Netflix declines to raise offer to buy Warner Bros., says deal is ‘no longer financially attractive’ | Since Then