Netflix to Acquire Warner Bros Discovery Amid Antitrust Concerns

Netflix has agreed to acquire Warner Bros Discovery for $72 billion, following a bidding war with Paramount-Skydance. Each Warner Bros Discovery shareholder will receive $23.25 in cash and $4.50 in Netflix stock, raising antitrust concerns in the U.S. and Europe. The merger would grant Netflix control over major franchises like “Game of Thrones” and could lead to significant cost savings. Critics, including U.S. lawmakers, have expressed skepticism, citing potential harm to competition and consumer choice.