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Netflix's Ted Sarandos Visits White House Amid Paramount's Higher Warner Bros. Bid
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Netflix CEO Ted Sarandos Visits White House Amid Warner Bros. Bid Battle
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Storyboard
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26-02-2026, 09:53
Netflix CEO Ted Sarandos Visits White House Amid Warner Bros. Bid Battle
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Netflix co-CEO Ted Sarandos is visiting the White House for meetings related to Netflix's proposal to acquire parts of Warner Bros. Discovery.
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The trip comes amidst political pressure, with former President Trump demanding the removal of Netflix board member Susan Rice.
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Netflix offered $27.75 per share, valuing its bid at $82.7 billion for Warner Bros. Discovery's studio and streaming assets.
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Rival Paramount Global escalated the contest with an increased all-cash $31 per share offer for the entire company.
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The Department of Justice's Antitrust Division is examining Netflix's proposed transaction.
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