Los Angeles [US], December 5 (ANI): Netflix has emerged victorious in the bidding war for Warner Bros. and HBO, securing a deal that could merge one of the world’s leading streaming platforms with one of the largest traditional film and television studios.The deal has a total enterprise value (including debt) of approximately USD 82.7 billion, with an equity value of USD 72 billion, the companies said, as per Variety. The announcement of Netflix’s deal to buy the Warner Bros. streaming and studios business came after a weeks-long bidding war that pitted the streaming giant against David Ellison’s Paramount Skydance and Comcast.“I know some of you are surprised we are making this acquisition," Netflix co-CEO Ted Sarandos said on a call with analysts Friday, noting the company historically h
Netflix to acquire Warner Bros., HBO Max in USD 82.7 billion deal
News 18 India14 hrs ago
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