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Benzinga
Benzinga
Business
Ananya Gairola

Netflix's Ted Sarandos Shrugs Off Lionsgate, NBCUniversal Buyout Buzz While Reiterating 'We Are Primarily Builders, Not Buyers'

Ted Sarandos at the premiere for Netflix's "Stranger Things 2" at the Westwood Village Theatre

On Thursday, Netflix Inc. (NASDAQ:NFLX) co-CEO Ted Sarandos reaffirmed the streaming giant’s long-standing preference for building and partnering over large-scale acquisitions as speculation continues over potential deals involving Lionsgate Studios Corp. (NYSE:LION), NBCUniversal and other media companies.

Ted Sarandos Addresses Acquisition Rumors

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