US EditionDemocratic Lawmakers Want to Know What Trump Officials Said to Netflix Chief About WBD Deal
Paramount's $111 billion bid surpasses Netflix's $82.7 billion offer, prompting Netflix to withdraw and receive a $2.8 billion breakup fee amid ongoing regulatory review.
- After Thursday, February 26, 2026, Netflix withdrew its bid for Warner Bros. Discovery after Paramount-Skydance submitted a $111 billion offer, and Sarandos said, `We knew right away, when we got the notice on Thursday that they had a superior offer and the details of that deal.`
- Paramount raised its offer to $31 per share and added a $7 billion regulatory termination fee, while Ted Sarandos said, `We had a very tight range that we'd be willing to pay and made that offer back when we closed this deal.`
- Last week, after his White House visit, Sarandos said `we were on a normal regulatory path` and denied growing political resistance, following his meeting with DOJ.
- On Friday, Paramount Skydance signed a merger agreement with Warner Bros. Discovery, is seeking regulatory approval, and paid Netflix its $2.8 billion break-up fee.
- With Larry Ellison committing $45.7 billion, Sarandos warned the deal could require cuts "in the excess of $16 billion" and said `It would be less production, less people working`.
23 Articles
23 Articles
1 Reason Netflix Could Have a Big March
Key PointsNetflix will not counter Paramount Skydance's latest bid to buy Warner Bros. Discovery. Netflix's stock price rallied by more than 13% on the news. Investors will need to watch the company's other opportunities through video podcasting, live sports, ad revenue, and international expansion. 10 stocks we like better than Netflix › Netflix (NASDAQ: NFLX) ended the last trading day of February with a more than 13% rally after it decided to…
Trump headscratcher has critics wondering 'what's in it for him?'
President Donald Trump influenced Paramount’s success over Netflix in purchasing Warner Brothers Discovery (WBD) in large part because Netflix CEO Ted Sarandos did not understand nothing happens in Trump’s Washington unless something is “in it for him.”“They’re slowly learning that sometimes you can’t bet on that because [Trump] wants to take a piece of it,” an anonymous Republican lobbyist close to the administration told Politico. “He wants to…
Tampons in the Netflix Men’s Room Reportedly Helped Derail Failed Warner Bros. Deal
A strange new wrinkle has emerged in the already messy collapse of Netflix’s pursuit of Warner Bros. Discovery — and yes, it involves tampons. According to a March 1st report from the New York Post’s Charles Gasparino, the presence of tampons in a men’s restroom at Netflix headquarters reportedly became a talking point among Republican lawmakers during the company’s push to win regulatory approval for its proposed acquisition of Warner Bros. Dis…
Democratic Lawmakers Press Trump Administration On What Was Said To Ted Sarandos Before Netflix Dropped Out Of Bid For Warner Bros.
UPDATED, with White House comment: A group of Democratic lawmakers are pressing Attorney General Pam Bondi and White House Chief of Staff Susie Wiles for details on a meeting they had with Netflix co-CEO Ted Sarandos last week, with the streaming giant pulling out of its bid for Warner Bros. shortly thereafter. The lawmakers — Rep. Sam Liccardo (D-CA), Sen. Elizabeth Warren (D-MA) and Sen. Richard Blumenthal (D-CT) — wrote in a letter that the…
Democratic Lawmakers Demand Answers From Trump White House, AG Pam Bondi After Ted Sarandos’ Netflix-WBD Deal Meeting
Democratic Senators Elizabeth Warren and Richard Blumenthal and Congressman Sam Liccardo sent a letter to Attorney General Pam Bondi and White House Chief of Staff Susie Wiles on Monday demanding answers regarding their meeting with Netflix co-CEO Ted Sarandos. The lawmakers asked the pair what their role was in Netflix abandoning its $83 billion deal to acquire Warner Bros. Discovery and whether the political influence of the Trump administrati…
Democratic lawmakers want to know what Trump officials said to Netflix chief about WBD deal
Sen. Elizabeth Warren and two other Democratic lawmakers demanded more information about what Trump administration officials discussed with Netflix's Ted Sarandos before the streaming giant pulled out of the bidding war for Warner Bros. Discovery.
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