AI-Generated image by Grok. Last-minute offer by the Ellison family deemed superior. Paramount Skydance finally won the bidding war for Warner Bros. Discovery after Netflix pulled out of negotiations, saying it wouldn’t match the 11-hour David Ellison offer for the iconic Hollywood company. Netflix is declining to raise their bid to buy Warner Bros. Paramount is now expected to acquire the studio. pic.twitter.com/ccl9KFlKjI — DiscussingFilm (@DiscussingFilm) February 26, 2026 🚨 BREAKING: Paramount wins the bidding war for Warner Bros. after Netflix withdrew Paramount will now own: -CNN -CBS -HBO -MTV -Paramount+ -Nickelodeon -Comedy Central -Showtime -TNT -TBS -Adult Swim & More pic.twitter.com/HgT5iycXbG — Benny Johnson (@bennyjohnson) February 27, 2026 The Wall Street Journal reported: “Netflix pulled the plug on its deal soon after the Warner…
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