Netflix stock surges as it walks away from Warner Bros deal

Al JazeeraEN 5 min read 100% complete by By AP and ReutersFebruary 27, 2026 at 07:35 PM

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long article 5 min

Netflix's stock price surged after the company withdrew its bid for Warner Bros Discovery's studio and streaming assets. Netflix declined to match Paramount Skydance's higher offer of $31 per share, deeming the deal "no longer financially attractive." Investors applauded the decision, sending Netflix shares up over 10 percent on Friday. The company's co-CEOs stated that while they would have been good stewards of Warner Bros' brands, the deal was not essential at an inflated price. Analysts view Netflix's withdrawal as a sign of financial discipline, allowing the company to refocus on its core business. The proposed Warner Bros and Paramount Skydance combination still requires approval from Warner shareholders and regulators.

Key Entities & Roles

Key Player Opposition Context

United States 30% India 30% Canada 30% Quilter Cheviot 30% Ben Barringer 35% Greg Peters 40% Ted Sarandos 50% Skydance ×260% Paramount ×475% Warner Bros ×785% Netflix ×890%

Keywords

netflix stock 90% warner bros 80% acquisition 70% paramount skydance 60% bidding war 60% financial attractiveness 50% streaming assets 50% investors 40%