Netflix has reached an agreement to spend nearly 83 billion dollars to acquire Warner Bros.’ studios and streaming division! 🍿😲 After a fierce bidding competition, Warner Bros. Discovery selected Netflix to take over its film, television, and streaming operations in a cash-and-stock deal. The offer amounts to about 28 dollars per share, translating to roughly 72 billion in equity and close to 83 billion once the assumed debt is included. If regulators approve the deal, one platform could become the primary home for Harry Potter, DC, HBO, and a significant portion of global entertainment. - #EntertainmentNews #StreamingWars #MediaDeal #Hollywood #TechAndMedia