Netflix co-CEO Ted Sarandos faces Senate questioning over the streaming giant's proposed $72 billion Warner Bros. Discovery merger amid antitrust concerns.

EXCLUSIVE: Ted Sarandos’ testimony tomorrow in front of a pivotal Senate subcommittee looks to be strewn with MAGA landmines that are intended to blow up Netflix’s path to buying most of Warner Bros.

Netflix is revising its $72 billion offer for Warner Bros. Discovery to make it an all-cash transaction. Netflix initially put forth a cash and stock deal valued at $27.75 per Warner Bros. share, giving it a total enterprise value of $82.7 billion, including debt.

Regulators are already concerned that a Netflix-Warner Bros. deal could raise significant antitrust issues.

As Ted Sarandos endured hours of questioning from the Senate Judiciary antitrust subcommittee about Netflix’s pending acquisition of Warner Bros., several of the Hollywood guilds raised concerns again with lawmakers regarding any potential sale of the storied studio.

The streaming service is sweetening its offer amid Paramount Skydance's hostile takeover bid for the Hollywood studio.

Netflix agreed to pay all cash for Warner Bros. Discovery, amending its $72 billion deal in an attempt to fight off Paramount’s hostile takeover bid.

One Republican senator accused Netflix of creating the ‘wokest content in the history of the world.’ Netflix CEO Ted Sarandos was launched into the middle of a congressional culture war on Tuesday as he testified before a Senate subcommittee about the company’s attempt to buy a large part of Warner Bros Discovery.