# Ted Sarandos says the deal was a test of Netflix's investment discipline.

*business · news · 2026-04-17 · The News International*

## Key points

- Paramount Skydance acquired Warner Bros. Discovery for $110 billion, overtaking Netflix's prior negotiations.
- Netflix walked away from the deal after costs exceeded their business and shareholder value threshold.
- Ted Sarandos clarified that Netflix prioritized investment discipline over winning a high-stakes bidding war.
- Paramount Skydance paid Netflix a $2.8 billion breakup fee after Warner Bros. Discovery ended their agreement.

**Companies:** Netflix, Warner Bros. Discovery, Paramount Skydance
**Countries:** United States

[Read the full story on The News International](https://www.thenews.com.pk/latest/1399264-netflix-head-admits-disappointment-after-warner-bros-discovery-deal-broke-down)

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