LOS ANGELES: 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 $82.7 billion, with an equity value of $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 has been more ‘builders’ th

See Full Page