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Mar 5, 2026 4:00 PM

Netflix Didn't Get Warner, But Chairman Reed Hastings Just Cashed Out $39.8 Million In Stock

Netflix Inc (NASDAQ:NFLX) didn't win out in its attempt to acquire Warner Bros. Discovery (NASDAQ:WBD), losing out to winner Paramount Skydance (NASDAQ:PSKY). Netflix shareholders could have the last laugh with shares rising since passing on a higher bid.

Netflix Chairman Cashes Out

Some analysts see Netflix as the winner in the battle for Warner Bros. Discovery by walking away from a higher bid to preserve capital and its current growth methods that have been working. Netflix also gets over $2 billion from walking away from the deal.

While Netflix stock could gain more in the future, Chairman and co-founder Reed Hastings isn't waiting to see how much higher shares ...