"In November, Ted Sarandos, Netflix's co-CEO made a trip to the White House for a lengthy meeting with Donald Trump. According to , the two discussed a number of topics, but chief among them was Netflix's plan to bid on Warner Bros. At the end of their conversation, Sardonos felt that "Netflix wouldn't face immediate opposition from the White House.""
"This week, Netflix successfully won the bidding war for Warner, offering $82.7 billion. It's well known that Paramount and its CEO David Ellison were eager to acquire the storied studio and its streaming assets. Ellison and his father, Larry Ellison, have close ties to the White House, and as part of their pitch to Warner, suggested that only they were in a position to overcome the regulatory hurdles of further media consolidation."
"Sarandos seems to have rightly believed that the Ellisons overestimated their political clout. And despite some public efforts to turn the White House against the deal, Netflix won out, for now. There is of course, still a chance that Paramount could launch a hostile takeover effort, or that the Justice Department could try and scuttle the deal - nothing is guaranteed yet."
In November, Ted Sarandos, Netflix co-CEO, met with Donald Trump at the White House and discussed Netflix's plan to bid on Warner Bros. Sarandos left the meeting believing "Netflix wouldn't face immediate opposition from the White House." Netflix won the bidding war for Warner with an $82.7 billion offer. Paramount and CEO David Ellison had pursued the studio and emphasized White House connections, claiming ability to clear regulatory obstacles. The Ellisons appear to have overestimated their political clout. Paramount could still pursue a hostile takeover and the Justice Department could challenge the deal.
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