Warner Bros. reveals why Netflix won acquisition deal
Digest more
The board favored Netflix's deal, which would yield more immediate benefits over one by Comcast. The NBCUniversal parent proposed merging its entertainment division with Warner Bros Discovery, creating a much larger unit that would rival Walt Disney. But it would have taken years to execute, the sources said.
Netflix CEO Ted Sarandos met with Donald Trump at the White House in mid-November to discuss the streamer's planned bid to purchase Warner Bros., Bloomberg and others reported Sunday, with the president insisting that Warner Bros.