Ted Sarandos said he knew "right away" Netflix would decline to counter Paramount’s winning attempt to buy Warner Bros. Discovery and added President Trump's role was overestimated.

Netflix quickly exits Warner Bros. Discovery bidding war, declining to match Paramount Skydance's offer after just over an hour of consideration.

Netflix co-CEO Ted Sarandos faces Senate questioning over the streaming giant's proposed $72 billion Warner Bros. Discovery merger amid antitrust concerns.

Netflix sweetened its deal to buy Warner Bros. Discovery's studios and HBO streaming business to an all-cash offer, the companies said Tuesday.

Paramount insists its $30 per share cash offer for Warner Bros. Discovery beats Netflix's $27.75 deal, despite board rejection of the hostile takeover bid.

Warner Bros. Discovery announced that its board unanimously rejected Paramount’s tender offer, saying it’s not in the best interest of shareholders and Netflix is the preferred partner.

After CBS News' decision to delay a "60 Minutes" segment about migrants deported to an El Salvador prison, some critics have alleged the move was to curry favor with the Trump administration.

Netflix and Paramount would face similar antitrust challenges in their competing bids to acquire Warner Bros. Discovery, with regulators expected to scrutinize both deals.

President Donald Trump raised antitrust concerns over the proposed Netflix takeover of Warner Bros. Discovery and said he'll be part of the decision process on Sunday.

Paramount CEO David Ellison announced on Monday the company has launched an all-cash tender offer to acquire the outstanding shares of Warner Bros. Discovery.