Netflix Acquires Warner Bros. in $59B Deal
Update: 2025-12-06
Description
Netflix secures Warner Bros. Discovery in a $59 billion deal, outbidding competitors like Comcast and Paramount. The acquisition, codenamed Project Sterling, was largely financed by a bridge loan, marking a significant shift for Netflix. Despite Paramounts aggressive attempts to sweeten its offer, Netflixs proposal emerged as the most favorable. The deal, valued at $59 billion, includes a $5.8 billion breakup fee if regulatory issues arise.
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