Netflix co-CEO Ted Sarandos will attend White House meetings Thursday, Politico reports, highlighting the political stakes in the company's $82.7 billion bid for Warner Bros Discovery. The streaming giant faces off against Paramount Skydance in a heated acquisition battle for Warner Bros' studios and streaming assets.

Netflix's offer of $27.75 per share now competes with Paramount's increased bid of $31 per share, or $108.4 billion for the entire company. The escalating offers underscore the strategic value of Warner Bros' content library and streaming platform in the consolidating media landscape.

The political dimension intensified after President Trump demanded the removal of Susan Rice from Netflix's board following her comments about corporate responses to his administration. Trump's Truth Social posts targeting Rice and the Warner Bros deal add another layer of complexity to the negotiations.