Netflix on Friday agreed to buy Warner Bros Discovery’s TV, film studios and streaming division for $72 billion, a deal that would hand control of one of Hollywood’s most prized and oldest assets to the streaming pioneer.
The agreement follows a weeks-long bidding war in which Netflix offered nearly $28-a-share, eclipsing Paramount Skydance’s close to $24 bid for the whole of Warner Bros Discovery, including the cable TV assets slated
