The $83 billion operation sows concern in Hollywood
Netflix has bought Warner Bros., including the film and television studio, as well as HBO and HBO Max, as reported by the company itself.
The total value of the operation is 72,000 million dollars in share capital, which reaches $82.7 billion enterprise value adding the debt. Warner Bros. shareholders will receive $27.75 in cash per share.
In this way, the streaming platform Reed Hastings and Marc Randolph has ended up prevailing over the rest of the bids in the acquisition offers for the centenary studio that have shaken Hollywood offices in recent months.
Bidding for all or parts of Warner Bros. Discovery began in October with an offer of Paramount Skydance, that opened the season to the subsequent arrival of offers of Comcast and from Netflix, the final winner.
Paramount accused yesterday in an open letter of bias in the process, alleging that the process favored Netflix, its biggest competitor.
News in development, more information soon.
