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    Netflix to Buy Warner Bros. in $72 Billion Cash, Stock Deal

    1 week ago

    Netflix is set to buy Warner Bros. Discovery in a landmark deal, combining the top streaming service with one of Hollywood’s oldest studios. Warner Bros. shareholders will get $27.75 per share in cash and Netflix stock. The deal is valued at $72 billion, with an enterprise value of $82.7 billion. Before closing, Warner Bros. will spin off CNN, TBS, and TNT. This marks Netflix’s biggest acquisition to date.
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