Netflix declines to raise offer for Warner Bros

FILE PHOTO: A drone view shows the Netflix logo on one of the company's buildings in the Hollywood neighborhood in Los Angeles, California, U.S., January 20, 2026. REUTERS/Daniel Cole/File Photo

Feb ⁠26 (Reuters) - Netflix ⁠said on ‌Thursday it will not ​raise its ⁠offer ⁠for Warner Bros ⁠Discovery after ‌the ⁠HBO Max ​owner's ‌board determined that ⁠Paramount ​Skydance's latest ⁠proposal was a "Superior ​Proposal" to the streaming ⁠pioneer's existing merger agreement.

(Reporting ​by ⁠Jaspreet Singh ​in ‌Bengaluru; Editing ​by Tasim Zahid)