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Warner Bros goes to Netflix (finance.yahoo.com)

posted 187 days ago by AlfredicEnglishRules 187 days ago by AlfredicEnglishRules +52 / -0

Netflix to Buy Warner Bros. and HBO Max in $82.7 Billion Deal

It’s official: In a move that will dramatically reshape the entertainment business, Netflix and Warner Bros. Discovery announced an agreement Friday under which Netflix will acquire Warner Bros., including its film and TV studios, HBO Max and HBO. The deal...

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– KingLion7 9 points 187 days ago +9 / -0

Wait... Netflix is big enough to buy Warner Bros? I would have thought it was the other way around.

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– 1776ReasonsWhy 7 points 187 days ago +7 / -0

To my memory, WB is something like $30 billion in the hole to begin with, and were desperate to fix that. Netflix must have some very deep pockets to want to bring that into their accounting.

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– UnapologeticGarbage 5 points 186 days ago +5 / -0

Part of the 80billy is probably to pay off debts

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