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Message: [QUOTE="Queen, post: 87371, member: 27"] Netflix getting outbid on Warner Bros. Discovery hands Paramount Skydance a $111 billion victory and reshapes the entire entertainment landscape. Netflix walks away from the WBD deal [LIST] [*]Netflix co-CEOs Ted Sarandos and Greg Peters jointly confirmed the exit from negotiations. [*]Matching Paramount Skydance's latest price made the acquisition financially unattractive for Netflix. [*]Warner Bros. Discovery's board gave Netflix four days to match the superior bid or walk. [*]Netflix's offer stood at $27.75 per share, covering only studio and streaming assets. [/LIST] How the WBD bidding war played out [LIST] [*]Warner Bros. Discovery hit the market in the latter half of 2025, formed from a 2022 AT&T and Discovery merger. [*]Netflix locked in a $72 billion deal for WBD's studio and streaming assets in October. [*]Paramount Skydance fired back with a $108.4 billion all-cash hostile counteroffer three days later. [*]WBD's board initially pushed shareholders toward Netflix's offer before Paramount kept sweetening the pot. [/LIST] Paramount's winning offer breakdown [LIST] [*]A February 10, 2026, upgraded bid included coverage of the $2.8 billion Netflix breakup fee. [*]Paramount cis ommitted to a debt refinancing backstop that trims WBD's costs by $1.5 billion. [*]A $650 million-per-quarter ticking fee kicks in if the deal misses the end-of-2026 deadline. [*]The final February 24 bid landed at $31 per share, bringing the total acquisition to $111 billion. [/LIST] What this means for WB Games [LIST] [*]Netflix excluded WB Games from its offer entirely, calling it relatively minor. [*]Paramount already runs Skydance Interactive and Skydance New Media under its umbrella. [*]Amy Hennig's studio is actively developing Marvel 1943: Rise of Hydra and an untitled Star Wars game. [*]Warner Bros. Games recently teased major releases expected within the next two years. [/LIST] [/QUOTE]

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