By losing the Warner Bros. deal to Paramount, Netflix avoided a big load of debt and possible regulatory pressure.

Netflix and Paramount are fighting to buy Warner Bros, including HBO, home of hits such as The White Lotus The fight in Hollywood to buy Warner Bros Discovery appears to be coming to its finale after Netflix backed away from its proposal to buy the company,

Now that Netflix has officially withdrawn its bid to acquire Warner Bros. and the harsh glare of public scrutiny has, at least for the moment, abated, Ted Sarandos may be hoping to slink discreetly back into the shadows and continue business as usual.

Netflix shares jumped 13% after the company walked away from a massive Warner Bros. Discovery acquisition.

The deal would unite two of the biggest players in entertainment and potentially transform the media business.

Who will Warner Bros. Discovery employees welcome as their new overlords? The feeling among the rank-and-file has changed over the last several months: Most WBD staffers are now supportive of Netflix’s deal to acquire Warner Bros.

The Warner Bros. studio water tower stands on the company's lot in Burbank, California, U.S., December 8, 2025. REUTERS/Mike Blake Warner Bros Discovery heaped an additional burden on Netflix’s $82.7 billion bid for the movie studio and HBO. The ...

Stephanie Link has watched Netflix from the sidelines her entire career. That changed recently. The Chief Investment Strategist bought Netflix for the first time ever, and her reasoning cuts straight to the point.