Netflix is set to acquire Warner Bros.’ studio and streaming business after winning a bidding war, with exclusive deal talks now underway, potentially including a $5 billion break-up fee if regulators intervene. The offer of $30 per share encompasses assets like HBO Max and major franchises such as Harry Potter and DC Comics, outpacing bids from Comcast and Paramount. Warner Bros. Discovery had expressed interest in selling after its plan to split the company. However, regulatory approval is needed, and if successful, Netflix would take on a significant role in Hollywood, including the theatrical business.
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