Ted Sarandos Accuses Paramount Of “Flooding The Zone With Confusion” In WBD Merger Saga

Netflix Co-CEO Ted Sarandos took aim Tuesday at Paramount’s rival bid for Warner Bros. Discovery, accusing the David Ellison-led company of “flooding the zone with confusion for shareholders.” The exec sat for a CNBC interview at the end of an eventful day in the months-long battle for control of Warner. (Watch the interview above.) Netflix […] Netflix Co-CEO Ted Sarandos took aim Tuesday at Paramount‘s rival bid for Warner Bros. Discovery, accusing the David Ellison-led company of “flooding the zone with confusion for shareholders.” The exec sat for a CNBC interview at the end of an eventful day in the months-long battle for control of Warner. (Watch the interview above.) Netflix last December firmed up a proposed deal to acquire the studios-and-streaming unit of WBD for $82.7 billion. Paramount has made multiple hostile bids for all of WBD, appealing directly to shareholders, who will vote next month on the Netflix proposal. On Tuesday, the companies announced that the WBD board would negotiate for seven days with Paramount, which has indicated it could raise its bid. Related Stories Below The Line Mounting A Monster Epic: 'Frankenstein's Costume, Production Design & Prosthetics Team On Realizing Guillermo Del Toro's "Operatic & Theatrical" World - Crew Call Live