Netflix, Inc.

Money Moves

Withdrew from WBD bidding February 2026; collected $2.8B breakup fee; stock rose about 10% on news of withdrawal

A federal judge on September 30 approved a settlement clearing Paramount to close its $110 billion takeover of Warner Bros. Discovery, ending a 12-state antitrust fight. The merger is set to close October 6, with David Ellison and Mattel CEO Ynon Kreiz running the combined company as co-chief executives.

Updated 4 days ago

Money Moves

Employer in the WARN filing

Netflix, the streaming giant that long avoided layoffs and paid top of market, filed a California notice in August for 59 job cuts in Los Angeles. The state's WARN Act requires 60 days' advance notice before a mass layoff; this filing reports a final work date a month earlier.

Updated Sep 17

Money Moves

Repricing its own story around advertising

Netflix reported second-quarter results on July 16, 2026, and pointed investors at one number: advertising. The company said its ad business should nearly double this year, approaching a $3 billion annual run-rate.

Updated Jul 16

New Capabilities

Successfully broadcast Skyscraper Live despite streaming issues and widespread commentary criticism; viewership figures pending

Alex Honnold summited Taipei 101 without a rope on January 25, 2026 — 1,667 feet of glass, steel, and concrete in 1 hour, 31 minutes, and 40 seconds, the highest urban free solo in history. He said: "Sick."

Updated May 23

Money Moves

Acquirer; dominant global subscription streaming platform

On December 5, 2025, Netflix announced a definitive deal to acquire Warner Bros.' film and television studios and streaming businesses, including HBO and HBO Max, valued at $72 billion in equity and $82.7 billion including debt. On January 20, 2026, the parties amended to an all-cash structure at $27.75 per share, with a shareholder vote expected by April 2026.

Updated May 10

Money Moves

Acquirer; largest global subscription streaming platform

After Netflix and Warner Bros. Discovery announced their $72 billion equity-value agreement on December 5, the transaction quickly became a live bidding contest and a regulatory test case. On December 8, Paramount Skydance launched an unsolicited all-cash tender offer at $30 per share to derail the Netflix deal and keep WBD intact, including networks slated for its Discovery Global spin-off. Within days, Netflix began a coordinated shareholder push backing its signed merger agreement and emphasizing regulatory execution, while WBD prepared formal filings to respond to the tender offer.

Updated May 9