Why did you decide to walk away from the proposed acquisition of Warner Brothers Discovery?
Replied byTed Sarandos
Co-CEO at Netflix
Niche: Technology
Revenue: Approx. 3.75 Billion USD/month
Location: Los Gatos, California, United States
Started: 1997
We have a highly successful organic growth model. We evaluated the Warner Brothers Discovery deal because they had valuable intellectual property, but we were only willing to buy at the right price. When the price rose, we walked away. We prefer building our own franchises over relying on acquisitions.
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