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Netflix boss responds to Trump's call to fire Susan Rice: 'This is a business deal, not a political deal'
Business Insider· 2026-02-23 12:28
Core Viewpoint - Netflix's co-CEO Ted Sarandos emphasized that the company's bid to acquire Warner Bros. is a business decision, not a political one, in response to President Trump's call to remove Susan Rice from its board [1][2]. Group 1: Company Response - Sarandos stated that the deal is overseen by the Department of Justice in the US and regulators globally, indicating that it is subject to regulatory scrutiny [1]. - He noted that Trump's social media comments are part of the president's behavior, suggesting that the company will focus on its business objectives rather than political pressures [2]. Group 2: Market Context - Netflix is currently competing with Paramount to acquire Warner Bros. Discovery, with the deal requiring approval from the Department of Justice's antitrust division [7]. - Sarandos described the acquisition as a "vertical merger," which would enhance the market by adding new assets to Netflix's portfolio [8]. - Paramount is also pursuing a bid for Warner Bros., with a deadline to increase its offer, highlighting the competitive landscape in the media industry [9].