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  1. Netflix declined a Paramount Skydance acquisition offer and failed to secure the acquisition of Roku.
  2. Following a failed bid for Roku, Netflix is facing leadership turmoil, including the resignation of Reed Hastings and the appointment of a new Chairman.

Reed Hastings announced his departure from Netflix.

4 reports, 1 independent Updated Tue 00:00
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What happened

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Reed Hastings announced his departure from Netflix.

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  1. Hastings departs Netflix as acquisition bids become too costly.1 source
  2. Reed Hastings is leaving Netflix.1 source

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2 more outlets ran the same wire story