Ted Sarandos to Visit White House to Discuss Warner Bros. Deal
Variety • • business
Key Points:
- Netflix co-CEO Ted Sarandos plans to visit the White House amid ongoing negotiations for Netflix's $83 billion bid to acquire Warner Bros. Discovery (WBD), though it is unclear if he will meet with President Trump.
- President Trump demanded Netflix fire board member Susan Rice, a demand Sarandos dismissed as unrelated to the business deal with WBD.
- Paramount Skydance has increased its offer for WBD to $31 per share, prompting WBD's board to consider if this constitutes a "superior proposal," which could lead to Netflix revising its bid.
- The Department of Justice Antitrust division is reviewing Netflix's market power, while Sarandos emphasized that Netflix holds only about 9-10% of the market share,
