Netflix, Discovery and Warner Bros.
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With Netflix's acquisition of Warner Bros., the future of physical media - an important part of the entertainment industry - is in question.
Netflix’s blockbuster deal to acquire Warner Bros. Discovery (WBD) is unlikely to be blocked by regulators in the European Union, according to antitrust experts. Netflix’s proposed $83B takeover of WBD’s movie and TV studios and HBO Max was confirmed on Friday morning,
Paramount has accused Warner Bros. Discovery executives of involving European Commission members to thwart Paramount's bid.
Paramount sends letter questioning Warner Bros. Discovery’s fairness amid tense bidding war as Netflix reportedly faces multiyear DOJ investigation.
Paramount is pushing the regulatory angle hard in the race for Warner Bros. Discovery, insisting it’s the only bidder that “offers a clear path to closing."
In recent days, Netflix, Paramount, and Comcast made larger offers to entice Warner Bros Discovery to sell, according to Reuters. That's sparking fears of a bidding war that could drive up the price of a potential purchase to nearly $70 billion, which would further dampen any potential gains for Netflix or its fellow suitors.