Plus Icon
Todd Spangler
NY Digital Editor
xpangler See All
Michael Buckner/Variety Ted Sarandos, co-CEO of Netflix, acknowledged that it was disappointing for the streamer to not win the deal for Warner Bros. Discovery‘s streaming and studios businesses. But he said the company “built its M&A muscle” through the experience — and tested its “investment discipline” to have the resolve to abandon the WB bid.
On Feb. 26, Netflix abandoned its all-cash $83 billion deal to buy the WB assets after David Ellison’s Paramount Skydance upped its hostile bid for WBD in its entirety to $31/share — leaving Paramount the winner of a debt-fueled takeover of the media conglomerate.
Related Stories
