Paramount seals the deal with Warner
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Netflix honchos Ted Sarandos and Greg Peters brushed off the company’s failed bid to buy Warner Bros. Discovery, calling it “nice to have” at the right price — not a “must-have” at any cost. “The transaction we negotiated would have created shareholder value with a clear path to regulatory approval.
Netflix and Paramount’s shares are both sharply higher in pre-market trading, as Larry Ellison’s company clear to buy Warner Bros, regulators permitting….
A total of 11 Republican state attorneys general are insisting that the federal government scrutinize Netflix's bid for Warner Bros.
Meanwhile, GOP lawmakers believe Netflix's programming skews to the left and aren't looking to give it more market power.