Netflix exits bidding war for Warner Bros.
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Netflix heads Ted Sarandos and Greg Peters issued a joint statement amidst news that WBD was given a significantly more attractive offer by Paramount Skydance. Variety shared the statement, which seemingly all but confirmed WBD originals won't be available with a Netflix subscription in the near future:
Netflix CEO Ted Sarandos failed Thursday to convince a skeptical Trump administration to approve his proposed takeover of Warner Bros. Discovery – and with that, his nearly done deal to buy WBD’s streaming service and studio went into a death spiral.
Netflix's Ted Sarandos's White House visit proved an exercise in real-time realpolitik as Paramount won the multibillion-dollar bid for Warner Bros Discovery
Ted Sarandos returns to the White House in an effort to win approval for its merger with Warner Bros. Discovery, while also arguing the future of board member Susan Rice.
Netflix is ditching a deal to buy Warner Bros. Discovery's studio and streaming assets after the WBD board deemed a revised bid by Paramount to be superior.
Netflix’s bid for the media giant and President Donald Trump’s demand that Netflix fire board member Susan Rice.
A sweetened offer gives David Ellison and Paramount another shot at claiming the studio as talk in town turns to who's backing which bid.
CEO and Chief Content Officer Ted Sarandos has hit back at Donald Trump after the latter asked for the removal of Susan Rice from the streaming platform’s board. He rebuffed the current
Ted Sarandos has brushed off Donald Trump‘s social media demand that Netflix fire board member Susan Rice, saying the streamer’s bid for Warner Bros. Discovery is a business matter and not a political one.