Jake Tapper breaks on-air: Paramount Skydance poised to buy Warner Bros. Discovery
Feb 27th 2026
During Thursday's broadcast Jake Tapper announced that Warner Bros. Discovery's board has deemed a Paramount Skydance offer superior after Netflix declined to increase its bid, potentially making Paramount the presumptive buyer of WBD and its assets including CNN, pending regulatory approval.
- Jake Tapper announced live that Warner Bros. Discovery's board says Paramount Skydance submitted a superior offer.
- Netflix declined to raise its bid, clearing the way for Paramount pending regulatory approval.
- Warner Bros. Discovery is the parent company of CNN, making the potential sale directly relevant to the network.
- CNN analyst Brian Stelter said Netflix executives left White House meetings in a sour mood and suggested regulatory concerns may have influenced Netflix's decision.
- Paramount CEO David Ellison has reportedly told the White House he would make sweeping changes if he acquired CNN and former President Trump has said CNN should be sold.