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Netflix actually won by walking away from the WBD bid, collecting a $2.8B termination fee and driving up the price and debt load of the Paramount-WBD merger (Dan Gallagher/Wall Street Journal)

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March 1, 2026
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Tags: 2.8BbidcollectingDanDebtdrivingFeeGallagherWallJournalloadmergerNetflixParamountWBDPriceStreetterminationwalkingWBDwon
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Gulf states reveal interception data after Iran strikes

Netflix actually won by walking away from the WBD bid, collecting a $2.8B termination fee and driving up the price and debt load of the Paramount-WBD merger (Dan Gallagher/Wall Street Journal)

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