Ted Sarandos

Ted Sarandos is the CEO of Netflix. He is currently newsworthy due to Netflix's aggressive pursuit of Warner Bros Discovery's (WBD) studio and streaming assets. Netflix initially made a cash-and-shares offer, but recently sweetened the deal by switching to an all-cash offer, valued between $72 billion and $83 billion, to expedite the acquisition and counter a rival bid from Paramount Skydance. This move came after Paramount Skydance claimed its $108 billion bid was superior. Warner Bros Discovery has advised its shareholders to reject the Paramount offer, favoring the Netflix deal. However, the proposed acquisition is facing scrutiny, including concerns raised by Donald Trump regarding potential competition issues due to Netflix's already significant market share and the combined size of the merged entity. Sarandos's leadership is central to this major corporate battle in the media landscape.