Why Netflix walked away from Warner Bros. Discovery
Netflix withdrew its $83 billion bid for Warner Bros. Discovery due to shareholder opposition and Republican political resistance, allowing the Ellisons' Paramount to acquire WBD instead.
Joe Scarborough Laughs Out Loud Mocking Paramount Trying to Placate' Trump in CBS-Colbert Spat: Please Approve the Merger!'
CBS and Paramount faced criticism for allegedly placating President Trump to secure a Warner Bros. Discovery merger amid a dispute over a pulled Colbert interview.
Warner Bros Disaster? Netflix deal for Hollywood giant follows string of flops
David Zaslav engineered Discovery–WarnerMedia merger in 2021, but the combined company underperformed, disappointing Hollywood operators, shareholders, and viewers amid cost cuts and declining stock.