Tuesday, February 3, 2026 at 11:27 PM
The article discusses a Senate hearing where Netflix's CEO Ted Sarandos is questioned about the proposed $82.7 billion acquisition of Warner Bros Discovery and its implications for competition in the streaming industry.
As it probes bids for Warner, the department is asking if the streamer has engaged in conduct that could make it a monopoly.
The media company, which is pursuing a hostile bid for Warner, also said it complied with Justice Department request for information about its proposed deal.
A Warner spokesman said CNN “was not and is not for sale.” The overture adds a new twist to the biggest takeover drama in the media industry in years.
Legislation on regulating cryptocurrencies hit a road bump in Congress after objections by Coinbase’s CEO.
