Netflix CEO Ted Sarandos arrives for meetings at the White House on Feb. 26, 2026 in Washington, DC.
Andrew Harnik | Getty Images
Netflix CEO Ted Sarandos arrived at the White House on Thursday afternoon for a meeting on his company’s effort to buy part of Warner Bros. Discovery — shortly before WBD issued a statement saying that Paramount Skydance‘s new bid to buy all of the company appeared to be a “superior proposal.”
Sarandos is not expected to meet with President Donald Trump, who days ago demanded that Netflix boot Susan Rice from its board of directors.
“This meeting is not with POTUS,” a White House official told CNBC.
“Netflix is meeting with staff members at the White House,” the official said.
Paramount earlier this week submitted an enhanced bid to buy all of WBD.
Shortly after Sarandos arrived for his meeting, WBD issued a statement, saying that its board of directors, “following consultation with its independent financial and legal advisors,” determined that Paramount Skydance’s bid “constitutes a ‘Company Superior Proposal’ as defined in WBD’s merger agreement with Netflix.”
Netflix now has four business days to alter its bid for the WBD divisions it wants to buy.
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