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International Business Times UK
International Business Times UK
Jim Manzon

Netflix Drops Warner Bros Bid: Why Ted Sarandos' White House Visit Couldn't Save the $83 Billion Deal

Netflix Ted Sarandos Warner Bros Donald Trump White House David Ellison Paramount Larry Ellison Lindsey Graham Warner Bros Discovery
Netflix claims strong growth, but the Ellison family is poised to control Batman, Harry Potter, and HBO. (Credit: Netflix/YouTube)

Netflix walked away from an $83 billion (£61.5 billion) deal to buy Warner Bros Discovery on Thursday. The same day, its co-CEO, Ted Sarandos, was at the White House.

That timing? Hard to ignore.

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