Netflix has agreed to buy Warner Bros Discovery’s TV, film studios and streaming division for US$72 billion, a deal that would hand control of one of Hollywood’s most prized and oldest assets to the streaming pioneer.
The agreement, announced on Friday, follows a weeks-long bidding war in which Netflix offered nearly US$28-a-share, eclipsing Paramount Skydance’s close to US$24 bid for the whole of Warner Bros Discovery, including the cable TV assets slated for a spin-off.
Buying the owner of…
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