Netflix co-CEO Ted Sarandos accused Paramount Skydance of “flooding the zone with misinformation” amid ongoing negotiations over the potential takeover of Warner Bros. Discovery. The comments came after Netflix granted Warner Bros. Discovery a seven-day waiver to consider amended offers from Paramount.

Paramount’s proposal includes a 25-cent per share ticking fee valued at $650 million per quarter and a promise to cover a $2.8 billion termination fee if Warner Bros. rejects Netflix’s previously agreed-upon offer. Paramount CEO David Ellison described the offer as “superior” and supported by billions in cash, claiming it provides shareholders certainty and a clear regulatory path.

Sarandos rejected these claims, arguing that Paramount does not have any advantage with regulators and that Netflix’s deal is the most straightforward and reliable option for shareholders. He emphasized that the seven-day waiver is intended to demonstrate Netflix’s commitment to maximizing value for Warner Bros. Discovery shareholders and negotiating in good faith.

“The most likely outcome is there’s no adjustment at all,” Sarandos said, noting confidence that the acquisition will proceed as planned. He added that the Netflix offer protects European broadcast systems and maintains regulatory trust worldwide.

The deal remains under review, with a shareholder vote scheduled for March 20. President Trump has indicated he will allow the process to continue through legal channels without taking sides.