Bloomberg Daybreak: Europe Edition Netflix Walks Away, Greens Win UK By-Election, Putin's War Machine Pain
Feb 27, 2026
Tony Halpin, reporter on Russia and Ukraine, outlines strains in Russia's war economy. Rosa Prince, political columnist, breaks down the Green Party by-election shock in the UK. Manuel Baigori, deals lead in Asia, explains why Netflix exited the Warner bidding and what comes next for the $111 billion race. Short, punchy takes on geopolitics, UK politics, and big media M&A.
AI Snips
Chapters
Transcript
Episode notes
Netflix Walked Away Because Paramount Offered More
- Netflix withdrew from the Warner Bros Discovery bidding because Paramount's higher $31-per-share offer made the takeover too expensive for Netflix to match.
- Manuel Baigori said Netflix feared a pricier counteroffer would jeopardise its financial discipline and future results.
Price Beat Strategy In The Takeover Fight
- The Warner board reportedly preferred Netflix for strategic fit but chose the higher cash bid from Paramount.
- Lucas Shaw noted Netflix was seen as a stronger operator, yet price trumped perceived synergies.
Green Party Breaks Through In Labour Heartland
- The Greens won the Gorton and Denton by-election with 40.7%, marking their first UK by-election victory and signaling a viable left alternative.
- Hannah Spencer's coalition of graduates, students and a large Muslim community overturned a historic Labour stronghold.