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The far-left network that helped put Alex Pretti in harm’s way, then made him a martyr

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The far-left network that helped put Alex Pretti in harm’s way, then made him a martyr

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The skirmish that led to Saturday’s fatal shooting of an agitator by Border Patrol agents in Minneapolis and the response that followed were driven by a complex network of far-left organizations with a wide range of causes, a Fox News Digital investigation found.

A coordinated web of encrypted chats, street alerts and tracking of ICE “Abductors” in a sophisticated database reviewed by Fox News Digital shows that agitators were already mobilized at the scene where 37-year-old Alex Pretti was killed minutes before any shots were fired. 

ICE and Border Patrol agents were there to arrest an illegal immigrant criminal, and Pretti and others were there, outside a donut shop, to meet them as part of a strategic pattern of organized interference with law enforcement operations.

Over the following hours, a national network of socialist, communist and Marxist-Leninist cells in the United States leveraged the tragic fatality into a nationwide protest operation. While grief and outrage over Pretti’s death is genuine, the network’s real-time rapid response, using short sensational video clips and emojis as weapons of propaganda, offers a window into the disciplined logistics, messaging and coordination of far-left warriors fomenting insurgency-like confrontation with authorities.

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VANCE CALLS MINNEAPOLIS UNREST ‘ENGINEERED CHAOS’ AFTER DEADLY SHOOTING

“Rapid Responders” swarmed to the site of Glam Doll Donuts before the shooting occurred, documenting alleged ICE vehicles in the area in a sophisticated tracking database. (“MN ICE DATABASE”)

“This level of engineered chaos is unique to Minneapolis. It is the direct consequence of far left agitators, working with local authorities,” Vice President JD Vance observed in a Sunday post on X.

The encrypted Signal messages obtained by Fox News Digital in real time show that anti-ICE “rapid responders” were actively tracking, broadcasting and summoning “backup” around federal agents outside Glam Doll Donuts on Nicollet Avenue, where the shooting happened. Local “rapid responders” made at least 26 entries into a database called “MN ICE Plates” in the critical hours before and after the killing, documenting the license plate numbers and details of alleged ICE vehicles they claimed to see around Nicollet Avenue.

The entry at row 344 read, “At the nicollet [sic] murder,” chronicling a black Jeep Wagoneer at the location with agents allegedly “involved in shooting.” Row 338 had a “Glam Doll Donuts” entry, tracking a black Ford Taurus. 

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BONDI BLAMES MINNEAPOLIS LEADERS AFTER ARMED SUSPECT KILLED, UNREST ERUPTS DURING ICE OPERATION

Members of an ICE Watch “Rapid Response” team tracked federal agents to the street, calling on more protesters to come to the street, where an anti-ICE demonstrator was killed minutes later. (Obtained by Fox News Digital) 

At 9:50 a.m. ET, just before the killing, a user identified as “Willow” shared a 22-second video on an encrypted Signal chat for anti-ICE “rapid responders.”

“26and 3rd,” wrote “Willow,” quickly following up with, “Outside Glam Doll.”

The video showed two agents, one wearing a vest marked “POLICE,” studying the front door of Glam Doll before walking away, past a sign in the window that read, “ICE OUT OF MINNESOTA.”

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As the camera rolled, the person filming yelled, “No!”

The camera followed the agents as they returned to a maroon Dodge Durango, passing another sign in the window that read, “ALL WELCOME HERE.”

In the video, someone shouted, “Get out of here!”

Just three minutes later, at 9:53 a.m. ET, a second Signal user, “Salacious B. Crumb,” escalated the alert, summoning additional responders and citing the same vehicle and agents.

“Backup needed at the Black Forest Inn parking lot on Nicollet Ave just south of 26th Street,” the message read.

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DHS SAYS ICE AGENTS RAMMED BY VEHICLES AMID MINNEAPOLIS ENFORCEMENT SURGE: ‘AGGRESSIVELY ASSAULTED’

“Multiple vehicles with many agents appear to be staging there,” the alert continued. “One confirmed ICE vehicle seen was a maroon Dodge Durango [plate number], but it has driven away northbound on Nicollet.” Fox News Digital has redacted the Florida license plate number included in the original message.

ICE Assistant Director Marcos Charles said Sunday that the violence on the streets was “not a coincidence,” considering the “chaos and mayhem” that agitators are fomenting in Minneapolis. At the same press conference, Customs and Border Patrol (CBP) Commander-at-Large Greg Bovino confirmed that Pretti was “on the scene several minutes” before the fatal shooting.

Video of the scene shows that as Pretti stepped into the middle of Nicollet Avenue to direct traffic, fellow agitators could be heard blowing whistles to alert locals that ICE officers were around. Soon after, Pretti ended up in a street confrontation with CBP agents, across the street from Glam Doll Donuts outside a worn storefront marked “NEW AMERICAN DEVELOPMENT CENTER,” a nonprofit focused on immigration entry programs for Somalis.

Within minutes, at about 10:05 a.m. ET, at least one CBP agent shot Pretti, killing him.

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MINNESOTA ICE OFFICIAL URGES PROTESTS TO REMAIN PEACEFUL AMID TENSIONS ‘LIKE NOTHING I’VE EVER SEEN BEFORE’

At 10:18 a.m. ET, the Signal network erupted.

Using a red phone emoji to signal an all-points alert, a message blasted out: “☎️ easy. URGENT: observers urgently requested at glam doll donuts @ 26th & nicollet [sic],” the alert continued. “an observer has been shot by ice, unknown condition, emts [emergency medical technicians] present, please be safe. EDIT: medics requested to join perimeter in case agents start gassing. be aware there are many agents and mpd [Minneapolis Police Department] officers present.”

Within minutes, far-left activists descended on Nicollet Avenue. Soon after, a video showed corrugated boxes of supplies apparently lined up on a Minneapolis sidewalk for protesters, including boxes marked “DESINER MASKS” [sic] and “FREE WINTER HATS,” next to piles of bottled water.

MINNESOTA AGITATORS STALK, PELT BORDER PATROL AGENTS WITH FOOD AND SPIT AT GAS STATIONS, DHS SAYS

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Within hours, socialist leaders turbocharged their “rapid responders” in Minneapolis and mobilized street protesters from New York City to Los Angeles. 

Media outlets, including CNN and MSNOW, described “angry protesters” but failed to identify the ideological networks behind the mobilization, even as protesters flashed their signs with their logos and names, touting socialism, communism and Marxism, on camera.

The Minneapolis activation marked the beginning of an almost instantaneous weekend surge by far-left organizations, including hardened socialist and communist groups operating in an ecosystem that national security experts describe as an insurgent-style operation designed to exploit tragedy to wage a domestic political war.

The strategy mirrors past mobilizations, including the aftermath of George Floyd’s killing in May 2020, and exploits well-intentioned public sympathy by rapidly framing Pretti — an intensive care unit nurse at a Veterans Administration hospital — as a symbol of resistance, much like Renee Good, the first victim of an ICE shooting in Minneapolis.

Just as they responded in real-time to mobilize “comrades” to march on the streets within 12 hours of the U.S. arrest of Venezuelan strongman Nicolás Maduro in early January, socialist, communist and Marxist-Leninist groups now frame their activation as an action within the “belly of the beast” against the “hyperimperialism” of the United States.

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VANCE CALLS MINNEAPOLIS UNREST ‘ENGINEERED CHAOS’ AFTER DEADLY SHOOTING

Propagandists for socialist groups, including BreakThrough News, the Party for Socialism and Liberation and the Freedom Road Socialist Organization, sprang into action to demonize federal officials after Alex Pretti’s killing in Minneapolis. (BreakThrough News/X, Party for Socialism and Liberation/X, Freedom Road Socialist Organization, X)

Based on a digital analysis of scores of rapid-response messages following the killing on Saturday, a hub of communist and socialist nonprofit organizations emerged as key organizers of the protests. Many of them are funded by American-born billionaire Neville Roy Singham, a self-declared Marxist-Leninist living in Shanghai. Some are also offshoots of the People’s Forum Inc., a nonprofit hub Singham has funded in New York City since 2017 as an “incubator” for socialist and communist groups. The People’s Forum declined requests for comment.

At 10:48 a.m. ET, BreakThrough News, a 501(c)(3) nonprofit and propaganda arm of the People’s Forum, broke the news widely of the killing, sharing a video recorded from inside the Glam Doll Donut shot of the tussle outside, punctuated by gunshots and frantic narration, “Holy s–t. What the f—!…Did they f—ing kill that guy? F—ing kidding me, dude.”

BreakThrough News put a dramatic black-and-white caption over the video: “BREAKING: Another CBP Shooting in Minneapolis.” By Sunday afternoon, the video had 4.1 million views, alongside the outlet’s calls to support the People’s Republic of China, Venezuela’s Maduro and the communist revolution in Cuba.

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Before the video cuts off, someone can be heard saying, “Yo, we need people on site!”

MINNESOTA SOCIALISTS TELL WORKERS TO FAKE SICK LEAVE FOR ANTI-ICE PROTESTS

The Party for Socialism and Liberation used Alex Pretti’s image on posters for its anti-ICE efforts. (Party for Socialism and Liberation/X)

At 11:40 a.m., BreakThrough News broadcast a 39-second video showing Minnesota National Guard soldiers charging across a street with batons, some falling as clouds of breath rose in the cold air. 

Soon after, at 12:24 p.m., the Party for Socialism and Liberation – a political wing of the movement, working with shared leadership at the People’s Forum – published a quickly-made graphic, “CBP MURDERS ANOTHER IN MINNEAPOLIS,” and the message, “EXPAND THE GENERAL STRIKE!”

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The call for a “general strike,” a classic communist tactic, refers to coordinated mass work stoppages aimed at paralyzing civil society to force political – and economic – outcomes.

At 12:33 p.m., the People’s Forum blasted out a bold red-and-white poster to followers, calling for an “EMERGENCY PROTEST” at 4 p.m. ET at Union Square in midtown Manhattan, with the message, “STOP ICE TERROR.”

DEMOCRATIC SOCIALISTS OF AMERICA IN NYC TRAINING THOUSANDS OF ACTIVISTS TO COUNTER ICE: REPORT

Democratic Socialists of America, People’s Forum and other groups that identify as Marxist-Leninist activated foot soldiers on social media. (Democratic Socialists of America/X, People’s Forum/X, Defend 512/Instagram)

In lockstep, at 12:57 p.m., Democratic Socialists of America, the 501(c)(3) nonprofit that elected Zohran Mamdani as mayor of New York City, posted a stark black-and-white graphic on X, calling the killing an “execution” and demanding, “ABOLISH ICE NOW.”

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At the protest, Linda Sarsour, a Palestinian political operative who has led virulently anti-Israel protests with socialist organizations after the Oct. 7, 2023, attack against Israel by Hamas terrorists, rallied the crowd at the 4 p.m. protest, yelling, “We will bring this country to a halt!” The People’s Forum shared the 22-second video clip with the caption: “🚨HAPPENING NOW IN NYC.”

Other groups mobilized simultaneously, including Freedom Road Socialist Organization, a self-described Marxist-Leninist group that has waved its red flag with its acronym, “FRSO,” in the middle of the protests since Good’s killing.

Also active: the Minnesota Immigrant Rights Action Committee, which has led many of the rapid-response efforts and Black Lives Matter chapters, which led the recent stampede through a local Christian church.

ANTI-ICE AGITATOR ALLEGEDLY BITES OFF FEDERAL OFFICER’S FINGER DURING MINNEAPOLIS ATTACK

By early evening, the narrative had coalesced into a chorus of voices within the far-left propaganda apparatus, adopting charged historical language to brand federal officials as Nazi-like figures. At 4:12 p.m. ET, Calla Walsh, a controversial communist activist filmed this past summer in Iran shouting, “Death to America! Death to Israel!” shared a 32-second video showing barricades built with Republic Services dumpsters.

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She wrote, “People of Minneapolis build barricades, trapping ICE Gestapo at the scene of their latest murder in broad daylight. Not far from where they killed Renee Good a couple weeks ago, not far from where George Floyd was killed in 2020.”

By evening, CNN was reporting from the 4 p.m. protest in New York City but did not identify the ideological affiliations of the organizers, even as activists openly carried signs from the Party for Socialism and Liberation, with the group’s full name printed across the bottom.

FREY, KLOBUCHAR CALL FOR ICE TO LEAVE MINNEAPOLIS FOLLOWING DEADLY CBP SHOOTING IN CITY

Another CNN segment from Minneapolis interviewed Chris Gray, describing him only as Pretti’s “next-door neighbor.” Gray spoke about Pretti while delivering a well-scripted appeal for a general strike to dismantle the “Trump regime” and promote “non-violent resistance.” The segment did not disclose that Gray is a member of Socialist Alternative, the U.S. affiliate of the International Socialist Alternative, a “global fighting organization of workers, young people, and all those oppressed by capitalism and imperialism,” seeking to create a “socialist world.”

Soon after, however, Socialist Alternative shared the interview proudly on Instagram, noting, “Chris Gray, Socialist Alternative member and next-door neighbor of Alex Pretti, speaks out.”

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By evening’s end, at 9:44 p.m. ET, Gloria La Riva, a co-founder of the Party for Socialism and Liberation who has described herself as “a communist,” posted a message on X, using the inflammatory language now normalized: “Alex Pretti was murdered in cold blood, everyone knows that. 10 shots in his back. All of Trump’s, Noem’s, Bovino’s lies cannot cover it up. The people’s struggle will only grow!”

TRUMP CITES ARMED SUSPECT, LACK OF POLICE SUPPORT FOLLOWING FATAL BORDER PATROL SHOOTING IN MINNEAPOLIS

“Rapid Responders” in Minneapolis track the vehicles they suspect belong to federal officials, including ICE agents, and upload details about their alleged vehicles in a database. (“MN ICE PLATES AIRTABLE DATABASE”)

The maroon Dodge Durango in the early Signal alerts from Saturday morning is Entry No. 2069 in the publicly shared database, “MN ICE PLATES.” It included a gallery of photos of alleged ICE vehicles.

At last count on Sunday, the database had 4,626 records of license plate numbers organized as “Highly Suspected ICE,” “Confirmed ICE,” “Suspected ICE,” “Cleared – Not ICE” and “Unknown.”

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The total number of “Confirmed ICE” entries is 2,933 records. The total number of records labeled “Abductors” is 455.

A fine-print disclaimer states that the data is “for informational purposes only” and that its organizers “do not condone its use to forcibly assault, resist, oppose, impede or interfere with the official duties of any officer or employee of the United States, or of any agency in any branch of the United States Government, while engaged in or on account of the performance of official duties.”

Alleged ICE vehicles outside the shooting were included in a database compiled by Minneapolis citizens who have joined a “Rapid Response” team to track the movements of federal officials. They had swarmed the street minutes before the shooting occurred Saturday morning.

One guide, “Best Practices Guide for Neighborhood or Area Patrol / Monitors: 612,” includes a key to emojis and the jobs they represent for rapid responders:

“🚗💨= Mobile Patrol / Commuter – In a vehicle driving around, looking for agents” 

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“🚗📍= Stationary Patrol/Monitor – In a vehicle positioned at key places in the area, looking for agents”

“🏃🏻‍♀️= Foot Patrol – On foot, looking for agents”

“☎️ = Dispatch – Live on the Monitor / Patrol group call”

“📟 = Hyper-local group messenger – Ready to pass on word to individual neighborhoods and blocks”

‘🦺 = School / event safety spotters – Assigned and connected to a specific school or event”

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“🍽️  = License plate checker – Ready to check a plate against the list of known license plates’

“⛑️ = Medic – Ready to offer medical care”

“❤️‍🩹 = Aftercare provider – Available to connect with responders after an event”

The maroon Dodge Durango that was allegedly outside Glam Doll Donuts on Nicollet Avenue is listed with three prior sightings: Jan. 11 at 3 p.m. at the Whipple federal detention facility, Jan. 13 at 1:15 p.m. and a final sighting at Powderhorn Park parking lot on 35th Street and 14th Avenue.

It’s listed with the tags, “Seen in a convoy, Tinted/blacked-out windows, ICE agent(s) seen in vehicle,” and a final verdict: “Confirmed ICE.”

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As socialist organizations continued to dispatch their foot soldiers to Nicollet Avenue on Sunday evening, the Signal groups were as active as ever on Sunday, an alert going out at 4:37 p.m. ET, with rapid responders now chasing a black Dodge Durango around town.

“2 confirmed ICE vehicles,” the alert read, “…at least 2 agents in each vehicle.”

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Video: Bill Clinton Says He ‘Did Nothing Wrong’ in House Epstein Inquiry

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Video: Bill Clinton Says He ‘Did Nothing Wrong’ in House Epstein Inquiry

new video loaded: Bill Clinton Says He ‘Did Nothing Wrong’ in House Epstein Inquiry

transcript

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Bill Clinton Says He ‘Did Nothing Wrong’ in House Epstein Inquiry

Former President Bill Clinton told members of the House Oversight Committee in a closed-door deposition that he “saw nothing” and had done nothing wrong when he associated with Jeffrey Epstein decades ago.

“Cause we don’t know when the video will be out. I don’t know when the transcript will be out. We’ve asked that they be out as quickly as possible.” “I don’t like seeing him deposed, but they certainly went after me a lot more than that.” “Republicans have now set a new precedent, which is to bring in presidents and former presidents to testify. So we’re once again going to make that call that we did yesterday. We are now asking and demanding that President Trump officially come in and testify in front of the Oversight Committee.” “Ranking Member Garcia asked President Clinton, quote, ‘Should President Trump be called to answer questions from this committee?’ And President Clinton said, that’s for you to decide. And the president went on to say that the President Trump has never said anything to me to make me think he was involved. “The way Chairman Comer described it, I don’t think is a complete, accurate description of what actually was said. So let’s release the full transcript.”

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Former President Bill Clinton told members of the House Oversight Committee in a closed-door deposition that he “saw nothing” and had done nothing wrong when he associated with Jeffrey Epstein decades ago.

By Jackeline Luna

February 27, 2026

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ICE blasts Washington mayor over directive restricting immigration enforcement

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ICE blasts Washington mayor over directive restricting immigration enforcement

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U.S. Immigration and Customs Enforcement (ICE) accused Everett, Washington, Mayor Cassie Franklin of escalating tensions with federal authorities after she issued a directive limiting immigration enforcement in the city.

Franklin issued a mayoral directive this week establishing citywide protocols for staff, including law enforcement, that restrict federal immigration agents from entering non-public areas of city buildings without a judicial warrant.

“We’ve heard directly from residents who are afraid to leave their houses because of the concerning immigration activity happening locally and across our country. It’s heartbreaking to see the impacts on Everett families and businesses,” Franklin said in a statement. 

“With this directive, we are setting clear protocols, protecting access to services and reinforcing our commitment to serving the entire community.”

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ICE blasted the directive Friday, writing on X it “escalates tension and directs city law enforcement to intervene with ICE operations at their own discretion,” thereby “putting everyone at greater risk.”

Mayor Cassie Franklin said her new citywide immigration enforcement protocols are intended to protect residents and ensure access to services, while ICE accused her of escalating tensions with federal authorities. (Google Maps)

ICE said Franklin was directing city workers to “impede ICE operations and expose the location of ICE officers and agents.”

“Working AGAINST ICE forces federal teams into the community searching for criminal illegal aliens released from local jails — INCREASING THE FEDERAL PRESENCE,” the agency said. “Working with ICE reduces the federal presence.”

“If Mayor Franklin wanted to protect the people she claims to serve, she’d empower the city police with an ICE 287g partnership — instead she serves criminal illegal aliens,” ICE added.

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U.S. Immigration and Customs Enforcement blasted Everett’s mayor after she issued a directive restricting federal agents from accessing non-public areas of city facilities without a warrant.  (Victor J. Blue/Bloomberg via Getty Images)

During a city council meeting where she announced the policy, Franklin said “federal immigration enforcement is causing real fear for Everett residents.”

“It’s been heartbreaking to see the racial profiling that’s having an impact on Everett families and businesses,” she said. “We know there are kids staying home from school, people not going to work or people not going about their day, dining out or shopping for essentials.”

The mayor’s directive covers four main areas, including restricting federal immigration agents from accessing non-public areas of city buildings without a warrant, requiring immediate reporting of enforcement activity on city property and mandating clear signage to enforce access limits.

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BLOCKING ICE COOPERATION FUELED MINNESOTA UNREST, OFFICIALS WARN AS VIRGINIA REVERSES COURSE

Everett, Wash., Mayor Cassie Franklin said her new directive is aimed at protecting residents amid heightened immigration enforcement activity. (iStock)

It also calls for an internal policy review and staff training, including the creation of an Interdepartmental Response Team and updated immigration enforcement protocols to ensure compliance with state law.

Franklin directed city staff to expand partnerships with community leaders, advocacy groups and regional governments to coordinate responses to immigration enforcement, while promoting immigrant-owned businesses and providing workplace protections and “know your rights” resources.

The mayor also reaffirmed a commitment to “constitutional policing and best practices,” stating that the police department will comply with state law barring participation in civil immigration enforcement. The directive outlines protocols for documenting interactions with federal officials, reviewing records requests and strengthening privacy safeguards and technology audits.

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Everett, Wash., Mayor Cassie Franklin issued a directive limiting federal immigration enforcement in city facilities. (iStock)

“We want everyone in the city of Everett to feel safe calling 911 when they need help and to know that Everett Police will not ask about your immigration status,” Franklin said during the council meeting.
”I also expect our officers to intervene if it’s safe to do so to protect our residents when they witness federal officers using unnecessary force.”

Fox News Digital has reached out to Mayor Franklin’s office and ICE for comment.

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Power, politics and a $2.8-billion exit: How Paramount topped Netflix to win Warner Bros.

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Power, politics and a .8-billion exit: How Paramount topped Netflix to win Warner Bros.

The morning after Netflix clinched its deal to buy Warner Bros., Paramount Skydance Chairman David Ellison assembled a war room of trusted advisors, including his billionaire father, Larry Ellison.

Furious at Warner Bros. Discovery Chief David Zaslav for ending the auction, the Ellisons and their team began plotting their comeback on that crisp December day.

To rattle Warner Bros. Discovery and its investors, they launched a three-front campaign: a lawsuit, a hostile takeover bid and direct lobbying of the Trump administration and Republicans in Congress.

“There was a master battle plan — and it was extremely disciplined,” said one auction insider who was not authorized to comment publicly.

Netflix stunned the industry late Thursday by pulling out of the bidding, clearing the way for Paramount to claim the company that owns HBO, HBO Max, CNN, TBS, Food Network and the Warner Bros. film and television studios in Burbank. The deal was valued at more than $111 billion.

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The streaming giant’s reversal came just hours after co-Chief Executive Ted Sarandos met with Atty Gen. Pam Bondi and a deputy at the White House. It was a cordial session, but the Trump officials told Sarandos that his deal was facing significant hurdles in Washington, according to a person close to the administration who was not authorized to comment publicly.

Even before that meeting, the tide had turned for Paramount in a swell of power, politics and brinkmanship.

“Netflix played their cards well; however, Paramount played their cards perfectly,” said Jonathan Miller, chief executive of Integrated Media Co. “They did exactly what they had to do and when they had to do it — which was at the very last moment.”

Key to victory was Larry Ellison, his $200-billion fortune and his connections to President Trump and congressional Republicans.

Paramount also hired Trump’s former antitrust chief, attorney Makan Delrahim, to quarterback the firm’s legal and regulatory action.

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Republicans during a Senate hearing this month piled onto Sarandos with complaints about potential monopolistic practices and “woke” programming.

David Ellison skipped that hearing. This week, however, he attended Trump’s State of the Union address in the Capitol chambers, a guest of Sen. Lindsey Graham (R-S.C.). The two men posed, grinning and giving a thumbs-up, for a photo that was posted to Graham’s X account.

David Ellison, the chairman and chief executive of Paramount Skydance Corp., walks through Statuary Hall to the State of the Union address at the U.S. Capitol on Feb. 24, 2026.

(Anna Moneymaker / Getty Images)

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On Friday, Netflix said it had received a $2.8-billion payment — a termination fee Paramount agreed to pay to send Netflix on its way.

Long before David Ellison and his family acquired Paramount and CBS last summer, the 43-year-old tech scion and aircraft pilot already had his sights set on Warner Bros. Discovery.

Paramount’s assets, including MTV, Nickelodeon and the Melrose Avenue movie studio, have been fading. Ellison recognized he needed the more robust company — Warner Bros. Discovery — to achieve his ambitions.

“From the very beginning, our pursuit of Warner Bros. Discovery has been guided by a clear purpose: to honor the legacy of two iconic companies while accelerating our vision of building a next-generation media and entertainment company,” David Ellison said in a Friday statement. “We couldn’t be more excited for what’s ahead.”

Warner’s chief, Zaslav, who had initially opposed the Paramount bid, added: “We look forward to working with Paramount to complete this historic transaction.”

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Netflix, in a separate statement, said it was unwilling to go beyond its $82.7-billion proposal that Warner board members accepted Dec. 4.

“We believe we would have been strong stewards of Warner Bros.’ iconic brands, and that our deal would have strengthened the entertainment industry and preserved and created more production jobs,” Sarandos and co-Chief Executive Greg Peters said in a statement.

“But this transaction was always a ‘nice to have’ at the right price, not a ‘must have’ at any price,” the Netflix chiefs said.

Netflix may have miscalculated the Ellison family’s determination when it agreed Feb. 16 to allow Paramount back into the bidding.

The Los Gatos, Calif.-based company already had prevailed in the auction, and had an agreement in hand. Its next step was a shareholder vote.

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“They didn’t need to let Paramount back in, but there was a lot of pressure on them to make sure the process wouldn’t be challenged,” Miller said.

In addition, Netflix’s stock had also been pummeled — the company had lost a quarter of its value — since investors learned the company was making a Warner run.

Upon news that Netflix had withdrawn, its shares soared Friday nearly 14% to $96.24.

Netflix Co-CEO Ted Sarandos arrives at the White House

Netflix Chief Executive Ted Sarandos arrives at the White House on Feb. 26, 2026.

(Andrew Leyden / Getty Images)

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Invited back into the auction room, Paramount unveiled a much stronger proposal than the one it submitted in December.

The elder Ellison had pledged to personally guarantee the deal, including $45.7 billion in equity required to close the transaction. And if bankers became worried that Paramount was too leveraged, the tech mogul agreed to put in more money in order to secure the bank financing.

That promise assuaged Warner Bros. Discovery board members who had fretted for weeks that they weren’t sure Ellison would sign on the dotted line, according to two people close to the auction who were not authorized to comment.

Paramount’s pressure campaign had been relentless, first winning over theater owners, who expressed alarm over Netflix’s business model that encourages consumers to watch movies in their homes.

During the last two weeks, Sarandos got dragged into two ugly controversies.

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First, famed filmmaker James Cameron endorsed Paramount, saying a Netflix takeover would lead to massive job losses in the entertainment industry, which is already reeling from a production slowdown in Southern California that has disrupted the lives of thousands of film industry workers.

Then, a week ago, Trump took aim at Netflix board member Susan Rice, a former high-level Obama and Biden administration official. In a social media post, Trump called Rice a “no talent … political hack,” and said that Netflix must fire her or “pay the consequences.”

The threat underscored the dicey environment for Netflix.

Additionally, Paramount had sowed doubts about Netflix among lawmakers, regulators, Warner investors and ultimately the Warner board.

Paramount assured Warner board members that it had a clear path to win regulatory approval so the deal would quickly be finalized. In a show of confidence, Delrahim filed to win the Justice Department’s blessing in December — even though Paramount didn’t have a deal.

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This month, a deadline for the Justice Department to raise issues with Paramount’s proposed Warner takeover passed without comment from the Trump regulators.

“Analysts believe the deal is likely to close,” TD Cowen analysts said in a Friday report. “While Paramount-WBD does present material antitrust risks (higher pay TV prices, lower pay for TV/movie workers), analysts also see a key pro-competitive effect: improved competition in streaming, with Paramount+ and HBO Max representing a materially stronger counterweight to #1 Netflix.”

Throughout the battle, David Ellison relied on support from his father, attorney Delrahim, and three key board members: Oracle Executive Vice Chair Safra A. Catz; RedBird Capital Partners founder Gerry Cardinale; and Justin Hamill, managing director of tech investment firm Silver Lake.

In the final days, David Ellison led an effort to flip Warner board members who had firmly supported Netflix. With Paramount’s improved offer, several began leaning toward the Paramount deal.

On Tuesday, Warner announced that Paramount’s deal was promising.

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On Thursday, Warner’s board determined Paramount’s deal had topped Netflix. That’s when Netflix surrendered.

“Paramount had a fulsome, 360-degree approach,” Miller said. “They approached it financially. … They understood the regulatory environment here and abroad in the EU. And they had a game plan for every aspect.”

On Friday, Paramount shares rose 21% to $13.51.

It was a reversal of fortunes for David Ellison, who appeared on CNBC just three days after that war room meeting in December.

“We put the company in play,” David Ellison told the CNBC anchor that day. “We’re really here to finish what we started.”

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Times staff writer Ana Cabellos and Business Editor Richard Verrier contributed to this report.

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