Ted Sarandos had just wrapped up a White House meeting with Attorney General Pam Bondi on Thursday when Warner Bros. Discovery released a statement announcing that Paramount’s latest bid for the media company was a “superior proposal” to the one that Netflix had offered. With his deal to buy the 100-year-old film and television giant hanging in the balance, Sarandos quickly consulted with a key team of executives, which included CFO Spencer Neumann and his co-CEO Greg Peters, who had been overseeing Netflix’s bid for Warners, sources say.
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