Netflixs Ted Sarandos grilled by senators over…
Senators grilled Netflix Co-CEO Ted Sarandos on Tuesday at a listening to over how his company’s proposed $82.7 billion acquisition of Warner Bros. Discovery will have an effect on competitors across the leisure industry.
US Senator Mike Lee led the listening to in which Sarandos and Bruce Campbell, Warner Bros’ chief strategy officer, testified. While the Senate can not itself prohibit the deal, the lawmakers demanded particulars on how the transaction would have an effect on customers, employees and opponents.
Lee, a Republican from Utah who leads the antitrust subcommittee, said the deal…
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