Netflix and Warner Bros. deal is far from a sure thing
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Netflix has entered exclusive talks with Warner Bros Discovery to acquire its studio and streaming service, a Bloomberg News reporter said in a post on X.
Under the deal, each Warner Bros Discovery shareholder will receive US$23.25 in cash and about US$4.50 in Netflix stock per share, valuing Warner at US$27.75 a share, or about US$72 billion in equity and US$82.7 billion including debt.