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Netflix pulls out of Warner Bros Discovery bid after Paramount offer

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Netflix pulls out of Warner Bros Discovery bid after Paramount offer

Warner Bros. Discovery CEO David Zaslav may have been counting on watching one last round in the Netflix vs. Paramount Skydance boxing match to acquire the media company he runs. What he might not have anticipated was that Netflix wouldn’t even bother re-entering the ring.

Thursday after the market close, WBD announced that Paramount Skydance’s last and best offer of $31 a share for its film studio, streaming platform and cable networks was superior to Netflix’s previously accepted bid of $27.75 a share for the studio and streaming assets.

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WBD’s declaration started a countdown clock: Netflix was granted four business days to match or beat Paramount’s new bid, but just an hour and 10 minutes later, Netflix left the arena.

NETFLIX BACKS OUT OF WARNER BROS BIDDING WAR AFTER PARAMOUNT MADE ‘SUPERIOR’ OFFER

ted sarandos netflix co-ceo

WBD said Paramount Skydance’s last and best offer of $31 a share for its film studio, streaming platform and cable networks was superior to Netflix’s previously accepted bid of $27.75 a share for the studio and streaming assets. Netflix co-CEO Ted Sa (Charley Gallay/Getty Images for Netflix / Getty Images)

In a joint statement, the streamer’s co-CEOs, Ted Sarandos and Greg Peters, said, “The transaction we negotiated would have created shareholder value with a clear path to regulatory approval. However, we’ve always been disciplined, and at the price required to match Paramount Skydance’s latest offer, the deal is no longer financially attractive, so we are declining to match the Paramount Skydance bid.” 

Considering Sarandos’ tone in the final days of the process, the market should have been ready for the quick exit. In an interview Feb. 20 on FOX Business’ “Claman Countdown,” Sarandos, when pressed as to whether he’d match a potentially higher bid by Paramount Skydance, seemingly took a page out of former Berkshire Hathaway CEO Warren Buffett’s “never overpay for an asset no matter how much you want it” playbook.

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The Netflix logo displayed on a building

Netflix was granted four business days to match or beat Paramount’s new bid, but just an hour and 10 minutes later, Netflix left the arena. (Mario Tama/Getty Images / Getty Images)

“We’ve been very disciplined buyers in our careers. Our shareholders know us and they expect us to continue to do what we do, which is remain a disciplined buyer,” Sarandos told FBN.

Netflix shareholders have never fully embraced the merger since the official bidding process began Nov. 20. Since then, Netflix shares have shriveled more than 19%.

Ticker Security Last Change Change %
NFLX NETFLIX INC. 84.61 +1.90 +2.30%
WBD WARNER BROS. DISCOVERY INC. 28.80 -0.10 -0.35%
PSKY PARAMOUNT SKYDANCE CORP. 11.18 +1.02 +10.04%

Much of the concern focused on whether the $82.7 billion dollar cost might shake Netflix’s solid balance sheet, and whether the deal would pass regulatory muster.

NETFLIX CO-CEO ACCUSES JAMES CAMERON OF SPREADING ‘MISINFORMATION’ ABOUT WARNER BROS. ACQUISITION

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An aerial view of the Warner Bros. logo displayed on the water tower at Warner Bros. Studio

Netflix shareholders have never fully embraced the merger since the official bidding process began November 20. (Mario Tama/Getty Images / Getty Images)

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Thursday evening when WBD confirmed the superiority of Paramount’s bid, Netflix shares saw a relief rally, soaring nearly 10% in after-hours trade.

In its statement, Netflix’s co-CEOs intimated they agreed with shareholders.

“This transaction was always a ‘nice to have’ at the right price, not a ‘must have’ at any price,” Sarandos and Peters said.

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Max Muncy’s Epic 3-Homer Night Caps Dodgers’ Thrilling Win

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A scandal involving baseball's biggest star, the Los Angeles Dodgers Shohei Ohtani, has clouded the US opening of the MLB season

LOS ANGELES — Max Muncy delivered a historic performance Friday night, smashing three home runs — including a dramatic two-out solo shot in the ninth inning — to lift the Los Angeles Dodgers to an 8-7 walk-off victory over the Texas Rangers at Dodger Stadium.

A scandal involving baseball's biggest star, the Los Angeles Dodgers Shohei Ohtani, has clouded the US opening of the MLB season
AFP

Muncy’s heroics capped a back-and-forth contest between two of baseball’s most recent World Series champions, with the Dodgers improving to 10-3 while handing the Rangers their sixth loss in 13 games. The game featured 15 combined home runs from both sides, showcasing the power-packed lineups that have defined early 2026 MLB action.

Muncy, who entered the night with a modest home run total for the young season, went deep in the second, sixth and ninth innings. His final blast off Rangers reliever Jacob Latz came after Los Angeles had erased a late deficit. The third homer not only won the game but also pushed Muncy past Steve Garvey for third place on the Dodgers’ all-time home run list since the franchise moved to Los Angeles.

“Maxy was locked in tonight,” Dodgers manager Dave Roberts said postgame. “When he gets that swing going, it’s special. To do it three times, including the walk-off, that’s the kind of moment that defines a season.”

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The Dodgers’ offense pounded out 15 hits, with contributions throughout the lineup. Andy Pages added key hits in the rally, while the club capitalized on timely hitting after starter Tyler Glasnow navigated a shaky outing.

Glasnow, making an early-season start, allowed three runs on Corey Seager’s three-run homer in the third inning. Seager, the former Dodgers star now with Texas, crushed a 409-foot blast to center field off Glasnow, scoring Josh Smith and Brandon Nimmo to give the Rangers a 3-1 lead. It was Seager’s fourth homer of the season.

Texas starter Kumar Rocker, the highly touted young right-hander, went five innings and surrendered four runs. Muncy’s first homer, a solo shot in the second, opened the scoring for Los Angeles. Rocker struck out several batters but struggled with command at times against the Dodgers’ patient approach.

The Rangers built momentum in the middle innings. Wyatt Langford and Evan Carter contributed to the attack, with Texas pushing across single runs in the fifth and ninth to keep the pressure on. The Rangers’ bullpen, including key setup arms, held the line temporarily, but the late innings proved chaotic.

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Edwin Diaz, typically a reliable closer for Texas, entered in the ninth with a one-run lead but struggled, allowing the tying and go-ahead runs to reach base before Muncy’s decisive swing. It marked Diaz’s first blown save of the season. Latz took the loss in relief.

For the Dodgers, the bullpen stabilized after Glasnow’s exit. Alex Vesia and others bridged the gap effectively before the offense mounted its comeback. The Dodgers scored one run in the fourth, one in the fifth, two in the sixth, two in the eighth and the winner in the ninth, showcasing their depth and resilience.

Muncy’s multi-homer night echoed some of the franchise’s memorable power displays. His second homer narrowed the gap, and by the time the game reached the late stages, Dodger Stadium was electric with anticipation. Fans chanted as the ninth unfolded, erupting when Muncy connected for the game-winner.

The matchup carried extra intrigue as a clash of recent champions. The Rangers won the World Series in 2023, while the Dodgers claimed the title more recently, building one of the strongest rosters in baseball with a mix of veterans and young talent. Both teams entered the series with strong records — Texas at 7-5 and Los Angeles at 9-3 — making this opener a preview of potential October intensity.

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Seager’s home run was a highlight for Texas fans, reminding them of his productive years in Los Angeles. The left-handed slugger has been a consistent force for the Rangers, and his third-inning blast momentarily shifted momentum in a game that saw 22 total runs.

Rangers manager Bruce Bochy, a veteran of many high-stakes games, praised his team’s fight despite the loss.

“We had chances and put together good at-bats,” Bochy said. “Muncy just got the big one at the end. That’s baseball — one swing can change everything.”

The game lasted just over three hours, played under clear skies at UNIQLO Field at Dodger Stadium with temperatures in the mid-60s and a light breeze. Attendance was strong, reflecting the early-season buzz around both clubs.

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Statistically, the Dodgers dominated in hits (15-9) and total bases (29-18), while both teams avoided errors in a clean defensive showing. Home runs told much of the story: Texas hit three, Los Angeles four, with Muncy accounting for three of the Dodgers’ long balls.

This victory gives the Dodgers a strong start to their home series against Texas, with games scheduled for Saturday and Sunday. Los Angeles will look to build on its hot start, while the Rangers aim to rebound and even the series.

Muncy’s performance will likely dominate highlight reels for days. Videos of his three homers, particularly the walk-off, were already circulating widely on social media shortly after the final out, with fans calling it one of the more memorable individual nights of the young 2026 season.

As the MLB season progresses, matchups like this underscore the parity and excitement across the league. Power hitting, dramatic comebacks and star performances continue to drive fan interest, and Friday’s contest delivered on all fronts.

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For the Rangers, the focus shifts quickly to Saturday’s starter as they try to salvage the series. Texas has shown offensive pop but will need stronger bullpen outings to contain explosive lineups like the Dodgers’.

Los Angeles, meanwhile, rides high on Muncy’s heroics. The veteran infielder, known for his clutch moments in past postseasons, reminded everyone why he remains a vital piece of the Dodgers’ championship aspirations.

The series continues Saturday night at Dodger Stadium, promising more fireworks between these two talented squads.

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21-hour trading: Europe expands energy window as LNG risks grow

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Deutsche Bank initiates PayPay stock with hold rating on valuation

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Djibouti president wins election with 97.8% of vote, state media says

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Tesla: JPM says record surge in unsold EVs will only add to FCF woes

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KLA Corporation: Success Already Priced In, Hold Rating Maintained

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Czech Prime Minister Babis backs Hungary’s Orban ahead of vote

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UK pauses its plan to cede Chagos Islands after US opposition

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How To Potentially Crush Bond Fund Returns With DIY Treasury Trading

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How To Potentially Crush Bond Fund Returns With DIY Treasury Trading

This article was written by

My articles typically cover macroeconomic trends, portfolio strategy, value investing, and behavioral finance. I like to profit from the biases and constraints of other investors.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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Will His Injury Affect His Performance in World Cup 2026?

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Cristiano Ronaldo

LISBON, Portugal — Cristiano Ronaldo has delivered a series of positive updates on his recovery from a right hamstring injury, calming widespread concerns that the setback could diminish his performance or threaten his participation in the 2026 FIFA World Cup this summer.

Cristiano Ronaldo
Cristiano Ronaldo

The Portuguese superstar, who turned 41 in February, sustained the muscle injury on Feb. 28 during Al Nassr’s Saudi Pro League match against Al Fayha. He was substituted late in the contest after showing discomfort and subsequently missed several club fixtures as well as Portugal’s March friendlies against Mexico and the United States.

Initial reports described the issue as a minor hamstring strain, though Al Nassr manager Jorge Jesus noted at the time that it proved “more serious than expected,” prompting Ronaldo to undergo specialized rehabilitation in Madrid. Medical assessments pointed to a recovery window of two to four weeks, with the Portugal national team opting for caution by leaving their captain out of the March international window.

By late March, Ronaldo began sharing encouraging signs of progress on social media. Posting images and videos of targeted gym work and leg exercises, he captioned one update simply: “Getting better every day.” The message quickly went viral, easing fan anxiety about his readiness for the expanded 48-team tournament co-hosted by the United States, Canada and Mexico.

Portugal coach Roberto Martinez moved swiftly to quell speculation that the injury might sideline the all-time international leading scorer. “No, he’s not in danger,” Martinez told reporters in March. “It’s a minor muscle injury, and we think he can return in a week or two. Everything Cristiano has done physically this season shows that he’s in great shape.”

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Martinez emphasized that Ronaldo’s place in the squad for the World Cup — expected to be his sixth and likely final appearance in the tournament — was never seriously in doubt. The veteran forward continued individual training in Riyadh and Madrid before rejoining Al Nassr’s group sessions.

By early April, Ronaldo had returned to full training with Al Nassr. On April 3, he marked his comeback in emphatic fashion, scoring a brace — including a penalty and a clinical strike — in a 5-2 league victory over Al Najma. The performance pushed his official career goal tally closer to the landmark 1,000-goal milestone, with reports confirming he had reached 967 goals at that point.

Fabrizio Romano, citing well-placed sources, reported April 2 that Ronaldo was “back available for Al Nassr and set to be called up” for Portugal duty as well. The recovery outlook remains positive, and his leadership role within the national team appears secure.

At 41, Ronaldo enters the 2026 World Cup as one of the oldest players in the competition’s history, yet his longevity continues to defy expectations. He has maintained elite-level output for Al Nassr this season, contributing dozens of goals and assists despite the physical demands of the Saudi Pro League. The brief hamstring layoff interrupted that rhythm but appears not to have derailed his preparations.

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Medical experts note that hamstring injuries in older athletes can sometimes lead to reduced explosiveness or recurring issues if not managed carefully. However, Ronaldo’s rigorous personal training regime, combined with access to world-class physiotherapy, has historically allowed him to bounce back stronger. Portugal’s medical staff continues to monitor his workload closely in the final weeks before the tournament opens June 11.

Portugal qualified comfortably for the 2026 finals, with Ronaldo contributing key goals during the campaign. The team will enter as one of the European contenders, boasting a talented squad featuring Bruno Fernandes, Bernardo Silva, Rafael Leão and rising stars. Ronaldo’s presence as captain and focal point in attack remains central to their ambitions.

Analysts suggest that even a slightly diminished Ronaldo could still prove decisive in a tournament featuring expanded group stages and more matches overall. His experience in high-pressure knockout scenarios, aerial ability and penalty-taking prowess provide intangible value that younger teammates draw upon.

Questions about performance impact center on Ronaldo’s explosive speed and recovery between games. The World Cup’s condensed schedule across three host nations could test endurance, particularly for a player managing minor muscular concerns. Yet supporters point to Ronaldo’s track record: he has overcome numerous injuries throughout his career, including significant setbacks at Real Madrid, Juventus and Manchester United.

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Ronaldo himself has projected confidence. In interviews and social media posts, he has reiterated his focus on returning to peak condition and leading Portugal as far as possible. “The World Cup is not at risk,” Martinez reiterated when addressing the squad selection for friendlies.

As of mid-April 2026, Ronaldo has resumed competitive action with Al Nassr, giving him roughly two months to sharpen match fitness before Portugal’s likely group-stage opener. Club fixtures in the Saudi league and any remaining continental commitments will serve as vital preparation.

The injury episode has sparked broader discussions about player longevity in modern football. At an age when most professionals have retired, Ronaldo continues to set benchmarks. His disciplined diet, sleep patterns and training habits have become case studies for aspiring athletes.

Portugal’s depth provides a safety net. Should Ronaldo require additional recovery time, options like Gonçalo Ramos or Diogo Jota exist in attack. Yet few doubt that the five-time Ballon d’Or winner will be in the starting XI when the Seleção takes the field in North America.

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Fan reaction on social media has shifted from worry to excitement following Ronaldo’s brace and training updates. Hashtags related to his recovery and World Cup preparations have trended globally, underscoring his enduring global appeal.

Looking ahead, the coming weeks will be telling. Portugal is expected to name a provisional squad in May, with final confirmation closer to the tournament. Ronaldo’s goal-scoring form upon full return will offer the clearest indicator of his readiness.

For now, the narrative surrounding Cristiano Ronaldo’s hamstring injury has moved from potential crisis to manageable precaution. With positive medical feedback, visible progress on the pitch and unwavering support from his national team coach, the Portuguese icon appears well-positioned to chase one final shot at World Cup glory.

Whether he can replicate the explosive performances of his youth remains an open question, but history suggests underestimating Ronaldo at any age is unwise. As the countdown to June intensifies, fans worldwide will watch closely to see if the greatest goal scorer in history can deliver once more on football’s grandest stage.

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