Ted Sarandos: Netflix ‘knew right away’ it would drop WBD deal after Paramount increased bid

It all happened quickly last Thursday. Paramount submitted a sweetened offer for Warner Bros. Discovery, increasing its initial bid from $30 per share to $31 per share. Three days later, the WBD board deemed that offer “superior” to the deal it had already agreed to with Netflix. And hours later, Netflix announced it would not exercise the Read more... The post Ted Sarandos: Netflix ‘knew right away’ it would drop WBD deal after Paramount increased bid appeared first on Awful Announcing.