Paramount vs Netflix for Warner Bros.
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The media companies announced on Dec. 5 the $72 billion deal that would merge Netflix, which dominates the streaming market globally, with Warner Bros. Discovery, which includes HBO Max among its wide-ranging film and television subsidiaries.
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,