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Sarandos Says Warner Bros. Purchase Will Accelerate Netflix Growth

Netflix co-CEO Ted Sarandos tells Bloomberg he is "highly confident" the deal for Warner Bros. Discovery will close. Netflix granted a seven-day waiver to Warner Bros. to reopen talks with Paramount Skydance that ends on February 23. Sarandos discusses why he believes Netflix's offer is better for shareholders, viewers and theaters with Bloomberg's Ed Ludlow and Lucas Shaw.

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Bloomberg

OpenAI Funding on Track to Top $100 Billion in Latest Round

OpenAI is close to finalizing the first phase of a new funding round that is likely to bring in more than $100 billion, according to people familiar with the matter, a record-breaking financing deal that would give the startup additional capital to build out its artificial intelligence tools.  As the ChatGPT maker prepares to spend trillions in infrastructure investment, the overall valuation of the company, including the eventual funding, could exceed $850 billion, according to some of the people. That's higher than the $830 billion initially expected. The company's pre-money value will remain $730 billion, said one person, all of whom asked not to be identified discussing private information. Bloomberg's Ed Ludlow joins to discuss with Paul Sweeney and Scarlet Fu.

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Bloomberg

NFL Hall of Famer Steve Young's PE Firm Collects $3.2 Billion for Fifth Fund

HGGC, the private equity firm led by Hall of Fame quarterback Steve Young, raised $3.2 billion for its fifth fund, exceeding its initial target amid a global scramble for dollars from skeptical investors. Young and co-founder Rich Lawson spoke to Bloomberg's Jason Kelly about the firm's new commitments from a range of pensions, endowments, family offices and sovereign funds.

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Bloomberg

Booking CEO Glenn Fogel on AI Disruption

Booking Holdings, the company behind Priceline and OpenTable, reported a strong quarter and announced a stock split. But shares came under pressure as investors weighed the threat of AI disruption. Chief Executive Officer Glenn Fogel joined Bloomberg Open Interest to explain how he is positioning the company to compete in the AI era and where he still sees momentum in global travel.

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