Key Highlights
- The giant streamer said WBD also informed it that their merger agreement is officially dead.
- “On February 27, 2026, WBD provided notice to Netflix that it had terminated the Merger Agreement in accordance with its terms in order to enter into an Agreement and Plan of Merger with PSKY in respect of such Company Superior Proposal.
- Concurrently with the termination of the Merger Agreement and entry into such agreement between WBD and PSKY, PSKY, on behalf of WBD, paid the $2,800,000,000 termination fee owed to Netflix in accordance with the terms of the Merger Agreement,” Netflix said in an SEC filing.
- Related Stories News 'Monopoly': Studio Lambert Passes Go At Netflix After Winning Bake-Off For Reality Game Show News The Battle For Warner Bros May Be Over, But Regulatory Scrutiny Of Paramount's Deal Is Not Netflix shares are up a hefty 15% near market close after gaining 10% Thursday as the streamer walked away from Warner.
- Netflix investors never liked the deal, announced in December and the biggest acquisition in the company’s history.
