Netflix co-CEO Ted Sarandos was at the White House on February 26, hours before it backed away from a bidding war for Warner Bros. Andrew Leyden/Getty Images Share on Facebook Share on X Google Preferred Share to Flipboard Show additional share options Share on LinkedIn Share on Pinterest Share on Reddit Share on Tumblr Share on Whats App Send an Email Print the Article Post a Comment In a stunning twist, Netflix is declining to raise its bid for Warner Bros., positioning David Ellison's Paramount as the winner in the battle for the fabled studio.