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      >[Netflix Inc.](https://archive.ph/o/kDU8s/https://www.bloomberg.com/quote/NFLX:US) co-Chief Executive Officer Ted Sarandos ventured to the White House in mid-November for a meeting with President Donald Trump. Over more than an hour, the two discussed a range of topics, including the auction of [Warner Bros. Discovery Inc.](https://archive.ph/o/kDU8s/https://www.bloomberg.com/quote/WBD:US), according to people familiar with the interaction.

      >Warner Bros. should sell to the highest bidder, Trump said, according to the people, who asked not to be identified divulging the details of a private conversation. Sarandos agreed, making the case for his company’s offer. The streaming TV leader wasn’t any kind of all-powerful monopoly, Sarandos argued, and had suffered its own subscriber losses a couple years earlier.

      >
      Trump never spoke out publicly against Netflix. He and Sarandos had developed a friendly relationship dating back to dinner at Trump’s Mar-a-Lago Club in December 2024. Sarandos had deep ties with the Obama and Biden administrations because of his wife, Nicole Avant, who was an ambassador to the Bahamas under Obama. He had close relationships with world leaders all over the globe. When Trump won, he realized Netflix didn’t have close ties with anyone in the president’s orbit and wanted to fix that.

      >Over dinner at Trump’s Florida resort, the two traded stories and struck up a bond over their childhoods and their shared love of entertainment. They have remained in touch ever since.

      >Warner Bros. received three initial bids on Nov. 20. Netflix submitted the highest offer, at $27 a share. It was pledging to pay in primarily cash by raising more than $50 billion in debt. At this point, it became clear to everyone at Warner Bros. that Netflix was serious.

      >Warner Bros. expressed concern about Paramount’s financing. The company was relying on billions of dollars from Middle Eastern sovereign wealth funds, which would invite a review from the US government’s security apparatus. Even if it passed, that was an additional inconvenience. Though Paramount had denied a report that it was receiving money from those funds, they were participants in its bid.

    2. Ghost-Power on

      I just hope Trump tells him that he needs to keep the movies in theaters (considering Trump likes the movie theaters)

      That should 100% be a requirement.

      Other than that idc lol

    3. JMooresnutz on

      This deal needs to be killed. Trump’s influence will not stop and Hollywood will be ruined.

    4. Sarandos made sure he was the last person he talked to on the subject, instead of David Ellison.

      Crafty motherf*cker.

    5. franktelevision on

      None of this is surprising. There is a reason Trump hasn’t said anything. Also makes you wonder why the Ellison’s thought they were a done deal.

    6. MasterAnnatar on

      I called it. People said I was crazy because I said Trump would give this to Netflix as an opportunity to get another media giant in his back pocket.

    7. Fit-Significance-436 on

      Guessing another name was just added to WH ballroom donors list

    8. This is how far gone we are as a country and how badly US media has failed. Imagine this headline if Joe Biden was in office. A CEO had to „woo“ Joe Biden to buy something in the private sector. This is blatant bribery and Biden would have been impeached unanimously by both parties.

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