Netflix to buy Warner Bros Discovery in historic US$72b cash, stock deal
Netflix has reached a deal to purchase Warner Brothers Discovery's film and streaming businesses for US$72b. The acquisition will see Warner Brothers' hand over to the streaming giant its rich archive, comprising some of Hollywood's most prized movies and shows. But the deal is expected to face regulatory hurdles as it solidifies Netflix's dominance in the crowded market. Jagruti Dave reports from Washington DC.
Netflix has reached a deal to purchase Warner Brothers Discovery's film and streaming businesses for US$72b. The acquisition will see Warner Brothers' hand over to the streaming giant its rich archive, comprising some of Hollywood's most prized movies and shows. But the deal is expected to face regulatory hurdles as it solidifies Netflix's dominance in the crowded market. Jagruti Dave reports from Washington DC.
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