Netflix to buy Warner Bros. in $72B deal
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Attorneys for the David Ellison-run studio say rival bidders "face grave uncertainty and significant opposition" from regulatory oversight in the U.S. and abroad.
Netflix touted the deal in a press release. “Today, Netflix, Inc. (the Company) and Warner Bros. Discovery, Inc. (WBD) announced they have entered into a definitive agreement under which Netflix will acquire Warner Bros., including its film and television studios, HBO Max and HBO,” Netflix wrote on December 5.
Lawyers for Paramount Skydance sent a letter to Warner Bros. Discovery CEO David Zaslav, expressing "grave concerns" about the alleged unfairness of WBD sales process. The attorneys suggested the Warner Bros.
Netflix announced a $72 billion deal to acquire Warner Bros. Discovery. If the deal goes through will Netflix and HBO Max merge? Here's what we know.