Netflix says it bailed on WBD because of money, not Donald Trump

Tech Insider : Politics, Business
Netflix CEO Ted Sarandos arrives for meetings at the White House on February 26, 2026 in Washington, DC., shortly before announcing that Netflix was no longer going to try to buy much of Warner Bros. Discovery
Netflix co-CEO Ted Sarandos visited the White House on Thursday, and shortly after announced his company was no longer going to try to buy much of Warner Bros. Discovery.

On Wall Street, even the losers are winners in the battle for Warner Bros. Discovery

Tech Insider : Business, Economy
Wall Street bull
A bevy of banks on Wall Street are walking away from the enormous Warner Bros. Discovery deal with hefty fees and newfound bragging rights.

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Read the memo: David Ellison addresses staff as Paramount Skydance and Warner Bros. make it official

Tech Insider : Business, Politics
David Ellison
Paramount Skydance CEO and chairman David Ellison

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Leaked audio: Warner Bros. Discovery CEO David Zaslav tells employees Paramount deal felt 'whiplash-y'

Tech Insider : Business
Zaz Para
Warner Bros. Discovery CEO David Zaslav just pitched staffers on the Paramount-Skydance deal.

Leon Bennett/GA/The Hollywood Reporter via Getty Images; Justin Sullivan/Getty Images

Here's what smart people are saying about Paramount winning the Warner Bros. Discovery deal

Tech Insider : Business, Politics
Ellison WBD
Paramount-Skydance made a higher bid than Netflix for Warner Bros. Discovery.

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Paramount's WBD takeover 'is not a done deal,' says California's attorney general

Tech Insider : Business, Economy
Rob Bonta in front of black background.
California attorney general says, not so fast to Paramount Warner Bros. merger

Christina House/Los Angeles Times via Getty Images

It's easy to understand why Netflix walked away from WBD

Tech Insider : Business
Netflix CEO Ted Sarandos departs the White House on February 26, 2026 in Washington, DC.
Netflix co-CEO Ted Sarandos visited the White House Thursday afternoon to discuss his company's Warner Bros. bid. Hours later, Netflix walked away from the deal.

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Netflix drops out of the WBD bidding war, paving the way for David Ellison's Paramount to buy it

Tech Insider : Business
WBD Sarandos
Warner Bros. has been the subject of a monthslong tug-of-war between Paramount and Netflix, which is led by co-CEO Ted Sarandos.

Mario Tama/Getty Images; Chris Pizzello/AP

Warner Bros. Discovery's board says Paramount's latest offer is better than Netflix's. Here's what happens next.

Tech Insider : Business
WBD Ellison
Warner Bros. Discovery's board of directors just said that David Ellison's Paramount Skydance has made a better offer than Netflix.

Aleksander Kalka/NurPhoto via Getty Images; Kristina Bumphrey/Variety via Getty Images

David Ellison has a message for Paramount staffers: tech is a key to winning

Tech Insider : Business, Sports, Technology
Paramount Ellison
Paramount Skydance is investing in tech under CEO David Ellison.

Eric Thayer/Getty Images; Kristina Bumphrey/Variety via Getty Images

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