Netflix co-CEO on WBD buyout rumors: 'We have no interest in owning legacy media networks'

Netflix (NFLX) co-CEO Ted Sarandos pushed back on merger speculation Tuesday following Warner Bros. Discovery’s (WBD) announcement that it’s exploring breakup options, including a potential sale of the entire company. “We’ve been very clear in the past that we have no interest in owning legacy media networks,” Sarandos said on the company’s third quarter earnings call. “There’s no change there.” His comments came just hours after WBD said it had launched a “review of strategic alternatives” following uns ...