Big news. The ground has shifted as Warner Bros. Discovery said its board determined tha a new proposal from Paramount could reasonably be expected to lead to a so-called "Company Superior Proposal" as defined in WBD's merger agreement with Netflix and that it will continue talks with the David Ellison company.

The reported visit is scheduled just days after President Donald Trump demanded that Netflix immediately fire one of its board members, Susan Rice.

Meanwhile, GOP lawmakers believe Netflix's programming skews to the left and aren't looking to give it more market power.

Ted Sarandos is heading to the White House Thursday to salvage Netflix's bid for Warner Bros' studio & streaming assets

By the close of trading, Netflix's stock price was up nearly 6%. Netflix is locked in a fierce bidding war with media conglomerate Paramount Skydance ( PSKY 2.21%). The battle drove Netflix's offer price for WBD's assets up to an enterprise value of nearly $83 billion, or $27.75 per share.

With Netflix stock down more than 20% since the transaction was first announced in December, NFLX now prices in substantial deal friction. Read why NFLX is a Buy.

Ted Sarandos played down the Trump threat in a BBC interview on Monday: "He likes to do a lot of things on social media." ・Paramount has reportedly submitted its enhanced bid for Warner Bros. Discovery.

The revised proposal also includes a daily ticking fee equal to $0.25 per quarter beginning after September 30, 2026

David Ellison raised Paramount’s bid for Warner Bros. Discovery to $31 per share, pairing a higher offer with a Washington strategy to outflank Netflix.

As Netflix mulls its options in the Warner Bros. Discovery merger battle, its stock jumped 6% in the latest sign that investors hope it exits the deal.