Netflix co-CEO discusses Warner Bros. deal with Trump

There’s some big buzz in the entertainment world about Netflix potentially acquiring Warner Bros. for a whopping $82.7 billion. Paramount was initially the top contender for this deal due to CEO David Ellison’s connections to the Trump administration, but new reports from Bloomberg and The Hollywood Reporter suggest that Netflix co-CEO Ted Sarandos had a meeting with President Donald Trump to discuss the possibility in November.

Sources say that during their meeting, Trump advised Sarandos that Warner Bros. should sell to the highest bidder, giving Netflix hope that the acquisition might not face immediate opposition from the president. Meanwhile, Warner Bros. CEO David Zaslav was taken aback by Paramount’s interest, as he had anticipated waiting for the completion of a planned split of the studio’s movie and streaming businesses before considering an acquisition.

In the end, Warner Bros. decided to entertain other bids, leading to a competitive process that Netflix eventually won. However, Paramount still has the option to make a hostile bid to keep their hat in the ring. The plot thickens as we wait to see how it all unfolds!