Senate grills Netflix and Warner Bros. over $83 billion deal
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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.
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The Biggest Obstacle to Netflix Acquiring Warner Bros. Isn't Paramount Skydance. It's This.
Regulators are already concerned that a Netflix-Warner Bros. deal could raise significant antitrust issues.
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.
Netflix will pay all cash for the $83 billion deal to acquire major parts of Warner Bros. Discovery, instead of a mix of cash and stock.
This is a major shakeup in Hollywood.
Netflix co-CEO Ted Sarandos faced a Senate subcommittee over its proposed acquisition of Warner Bros. on Tuesday in Washington, D.C.,
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.