Ted Sarandos: Netflix Was ‘Willing to Put Emotion and Ego Aside’ and Walk Away from Warner Bros. Acquisition

Ted Sarandos, co-CEO of Netflix, acknowledged that it was disappointing for the streamer to not win the deal for Warner Bros. Discovery’s streaming and studios businesses. But he said the company “built its M&A muscle” — and tested its “investment discipline” to abandon the WB bid. On Feb. 26, Netflix abandoned its all-cash $83 billion deal […]