Netflix's CEO, Ted Sarandos, may have underestimated the Trump administration's ability to block a deal when he met with President Donald Trump last November. In that meeting, Sarandos discussed his company's plan to acquire Warner Bros. and claimed that Netflix wouldn't face "immediate opposition" from the White House.
This assertion proved to be incorrect as Netflix ultimately won the bidding war for Warner Bros., paying $82.7 billion in a deal that was previously thought to be out of reach. The acquisition is a significant win for Sarandos, who had already tried to acquire Paramount before David Ellison swooped in and bid on Warner Bros.
Ellison and his father, Larry Ellison, have close ties to the White House and had suggested that they were better equipped to overcome regulatory hurdles associated with further media consolidation. However, it appears that their efforts may not have been enough to sway the administration.
While there's still a chance that Paramount could launch a hostile takeover effort or that the Justice Department could try and scuttle the deal, for now, Netflix has secured the acquisition of Warner Bros. The success of this deal marks a significant victory for Sarandos and sets the stage for future growth and expansion for the streaming giant.
This assertion proved to be incorrect as Netflix ultimately won the bidding war for Warner Bros., paying $82.7 billion in a deal that was previously thought to be out of reach. The acquisition is a significant win for Sarandos, who had already tried to acquire Paramount before David Ellison swooped in and bid on Warner Bros.
Ellison and his father, Larry Ellison, have close ties to the White House and had suggested that they were better equipped to overcome regulatory hurdles associated with further media consolidation. However, it appears that their efforts may not have been enough to sway the administration.
While there's still a chance that Paramount could launch a hostile takeover effort or that the Justice Department could try and scuttle the deal, for now, Netflix has secured the acquisition of Warner Bros. The success of this deal marks a significant victory for Sarandos and sets the stage for future growth and expansion for the streaming giant.
like he thought the trumps would just roll over for him? anyway, i think it's kinda cool that netflix pulled off this massive acquisition 
but now that we know the real reason why it happened, maybe they should've been more careful what they wished for 
those regulatory hurdles might be a whole lot harder to navigate than sarandos thought 
anyway i guess trump's admin didnt play along as expected, but it's kinda weird that paramount tried to swoop in last minute, i mean don't they know sarandos is already a big deal? lol guess you never really know what's gonna happen in these things. on the bright side for netflix, this is def a huge win and will likely boost their streaming game big time 
. And now Netflix is swimming in cash 
is pretty interesting too... did they have some hidden agenda or what? Anyway, Sarandos must be doing the happy dance right now 
!
Ted Sarandos must've had some solid backup planning in place or just a knack for reading people. Either way, this is huge for Netflix and I'm stoked to see what they do with all that extra Warner Bros. cash 
. Turns out, Trump's team is more powerful than we thought! 
anyway, glad it worked out for them - now they can finally have a bigger game in the streaming wars 
[
. It's crazy how much power those big studios have in Washington 
. But hey, Netflix is on fire right now 
! They must be doing something right 
