It's easy to understand why Netflix walked away from WBD

Netflix co-CEO Ted Sarandos visited the White House Thursday afternoon to discuss his company's Warner Bros. bid. Hours later, Netflix walked away from the deal.

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• Netflix has never made a giant acquisition.
• That's why it was surprising that it made an $83 billion bid for Warner Bros. Discovery.
• But both Netflix shareholders and Republicans hated the deal.

Investors didn't want Netflix to buy Warner Bros. Discovery.

Republicans didn't want the deal to happen, either.