Variety
·entertainment
·2 hours ago
Netflix co-CEO Ted Sarandos confirms $83 billion bid for Warner Bros. abandoned
Ted Sarandos, co-CEO of Netflix, stated the company was willing to abandon its $83 billion bid for Warner Bros. Discovery due to a rise in costs. He highlighted the learning experience and the importance of maintaining focus on Netflix's core business. The company received a $2.8 billion breakup fee after the deal was terminated.
Summary by Glance · Variety
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