Paramount Pays Netflix $2.8 Billion Breakup Fee After Warner Bros. Deal Win

The Wrap
By Tess PattonFeb 27, 2026, 3:45 pm73 pts
Paramount Skydance paid its $2.8 billion breakup fee to Netflix Friday after the streamer bowed out of the race to acquire Warner Bros. Discovery. The streamer cashed a large check after conceding to Paramount in the bidding war. Per a Friday SEC filing, Netflix said WBD “provided notice to Netflix that it…

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