Netflix exits WBD deal after White House meeting amid rival bid
TL;DR Summary
Netflix CEO Ted Sarandos met with White House staff to discuss Netflix’s effort to buy part of Warner Bros. Discovery, but after the visit Warner Bros. Discovery said Paramount Skydance’s bid to buy all of the company was a superior proposal, and Netflix ultimately pulled out of the deal, saying the terms were no longer financially attractive.
- Netflix CEO Sarandos visited White House right before streamer said WBD deal is off CNBC
- Netflix Is Big Winner in Warner Takeover Battle as CEO Puts Shareholders Over Ego Barron's
- Netflix CEO Ted Sarandos to visit White House Thursday to discuss Warner Bros. bid Politico
- Ted Sarandos Heads to White House as Fight Over Warner Bros. Intensifies and Hollywood Takes Sides The Hollywood Reporter
- Sarandos Schleps To White House To Counterpunch Paramount’s Potential Upper Hand In WBD Bid Deadline
Reading Insights
Total Reads
0
Unique Readers
4
Time Saved
1 min
vs 2 min read
Condensed
83%
342 → 57 words
Want the full story? Read the original article
Read on CNBC