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Home > TechCrunch Industry News > Netflix backs out of bid for Warner Bros. Discovery, giving studios, HBO, and CNN to Ellison-owned Paramount
Podcast: TechCrunch Industry News
Episode:

Netflix backs out of bid for Warner Bros. Discovery, giving studios, HBO, and CNN to Ellison-owned Paramount
Category: News & Politics
Duration: 00:05:44
Publish Date: 2026-02-27 21:00:00
Description:

In a one-two punch of centibillion-dollar offers, the bidding war for Warner Bros. Discovery is over. David Ellison-owned Paramount will acquire Warner Bros. Discovery. Netflix has lost.

Plus, Plaid valued at $8B in employee share sale. The new valuation is a 31% increase from $6.1 billion Plaid reached in April.

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