Streaming giant Netflix has secured the winning bid in the race to buy Warner Bros. Discovery, according to Deadline. The outlet confirms Netflix has made the highest, and so far the winning bid for the legendary company, which will give them the rights to the company’s film and television studio, as well as the HBO Max streaming service. The publication said Netflix offered around $28 a share, mostly in cash, to seal the deal. Netflix will now have exclusive talks to finalize a deal. Paramount had also been involved in the fierce bidding war, after making three consecutive offers to buy the Hollywood icon since October. Variety said Paramount’s CEO David Ellison had offered an all-cash deal for their entire company. Comcast had also bid to acquire the studio and streaming businesses. The
Netflix Wins Major Bid to Buy Major Hollywood Studio
The Daily Beast3 hrs ago
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