Liccardo, Warren and Blumenthal Press Bondi, Wiles on Whether Trump Administration Favoritism Helped Paramount Win Warner Bros. Bidding War

Washington, D.C. — Congressman Sam Liccardo (D-Calif.), Senator Elizabeth Warren (D-Mass.), and Senator Richard Blumenthal (D-Conn.) pressed Attorney General Pam Bondi and White House Chief of Staff Susie Wiles on their role in Netflix abandoning its bid to acquire Warner Bros. Discovery (Warner Bros.), and whether political influence with the Trump administration helped Paramount Skydance (Paramount) win instead. Bondi and Wiles reportedly met with Netflix CEO Ted Sarandos hours before the company dropped its bid, and President Trump reportedly favored Paramount to buy Warner Bros. 

"The American people deserve to know whether CNN will become another state-run mouthpiece," said Liccardo. "Setting aside the investment of Saudi and other sovereign wealth funds, the antitrust risk demands scrutiny. If DOJ looked the other way while the administration coordinated a pressure campaign on Netflix to fold, then the public deserves to know who made that call. We want answers."

“Your conversations with Mr. Sarandos…rais(e) suspicions that the Trump administration’s DOJ is making merger review decisions based on politicized favoritism rather than the law or the facts,” wrote the lawmakers. 

On February 26th, Netflix CEO Ted Sarandos reportedly met with Bondi, Wiles, and Department of Justice (DOJ) antitrust officials in an attempt to dissuade the administration from blocking the Netflix-Warner Bros. merger on antitrust grounds. Hours later, Netflix bowed out of the Warner Bros. bidding war, leaving Paramount as the apparent winner of the contest to purchase the company. 

From the beginning, President Trump reportedly favored Paramount’s bid to take over Warner Bros. As a result of its merger with media giant Skydance in 2025, Paramount is owned by Trump ally David Ellison. Ellison’s allies have reportedly suggested Paramount “is the only buyer who would pass muster with Trump administration regulators,” and made “Trump’s implicit support for the deal … their number one talking point” in negotiations. Just last week, Ellison attended the State of the Union address as a guest of Senator Lindsey Graham (R-S.C.). 

“(Your reported meetings with Mr. Sarandos) look even more disturbing because the meetings occurred just days after the politicized ouster of Antitrust Division Chief Gail Slater and amidst increasing lobbyist influence over DOJ’s antitrust work,” wrote the lawmakers. 

Public reporting indicates DOJ leadership has been meeting with lobbyists and influence-peddlers for companies involved in merger discussions, and has repeatedly overridden antitrust concerns in order to approve massive deals. One such lobbying firm is Ballard Partners, hired by both Netflix and Paramount. Federal law requires executive branch officials to recuse themselves from matters of former employers they worked for in the past year, but Bondi and Wiles, who both worked for Ballard Partners, “appear to be heavily involved in politicized discussions about the merger.”

David Ellison is the son of billionaire Trump ally Larry Ellison, who recently acquired a stake in TikTok. If Paramount successfully merges with Warner Bros., the Ellison family will own Warner Bros., Paramount+, HBO, CBS News, CNN, TNT, TBS, Food Network, Discovery Channel, Animal Planet, HGTV, among other media properties, and have partial ownership of TikTok’s U.S. business. Paramount is expected to derive $6 billion in “synergies” from the deal, which could come largely from firing workers and cutting content.

“Federal antitrust law is designed to prevent mergers that would create massive conglomerates like this, which are bad for our economy and for Americans,” wrote the lawmakers. 

“The American people deserve to know what Mr. Sarandos was seeking in your meetings, what you said to him, and how your discussions may have contributed to Netflix backing out of the bidding war,” the lawmakers concluded. 

The lawmakers asked Bondi and Wiles to provide details about their conversations regarding the Warner Bros. merger, including any communications with Netflix CEO Ted Sarandos and Paramount CEO David Ellison, by March 16, 2026. 

 

Read the letter here.