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Greg Peters

Greg Peters

CEO of Netflix

Appears in 3 stories

Born: 1970 (age 56 years)
Education: Yale University

Notable Quotes

Peters said acquiring Warner’s assets would “improve our offering and accelerate our business for decades to come.”([foxbusiness.com](https://www.foxbusiness.com/lifestyle/netflix-buy-warner-bros))

Peters and co-CEO Ted Sarandos said the WBD deal was 'no longer financially attractive' at the price required to match Paramount's offer.

“This acquisition will improve our offering and accelerate our business for decades to come … and create more value for shareholders.” ([ir.netflix.net](https://ir.netflix.net/investor-news-and-events/financial-releases/press-release-details/2025/NETFLIX-TO-ACQUIRE-WARNER-BROS--FOLLOWING-THE-SEPARATION-OF-DISCOVERY-GLOBAL-FOR-A-TOTAL-ENTERPRISE-VALUE-OF-82-7-BILLION-Equity-Value-of-72-0-Billion/default.aspx?utm_source=openai))

Stories

Paramount Skydance’s $108 billion hostile bid ignites a fight for Warner Bros. Discovery

Money Moves

Netflix withdrew from WBD bidding in February 2026, collecting a $2.8B breakup fee; Netflix stock rose about 10% on the news

Paramount Skydance won the five-month bidding war for Warner Bros. Discovery. WBD shareholders voted in April 2026 to accept Paramount's $31-per-share all-cash offer—valued at roughly $111 billion including debt. Netflix declined to match the price in February and walked away with a $2.8 billion breakup fee.

Updated Jun 13

Netflix’s $82.7 billion bid for Warner Bros. rewrites the streaming wars

Money Moves

Leads integration and financial execution of the transaction

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

Netflix’s $72 billion bid for Warner Bros. reshapes the streaming power map

Money Moves

Now publicly leading deal-certainty messaging against Paramount’s tender offer; Netflix says HSR materials have been submitted.

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