Netflix (NFLX) Buys Warner Bros. for $72 Billion in Major Streaming Expansion Move
Netflix Inc. (NASDAQ:NFLX) is among the best stocks you’ll wish you bought sooner. On Friday, December 5, Netflix Inc. (NASDAQ:NFLX) announced the long-contested acquisition of Warner Bros. Discovery (NASDAQ:WBD) in a cash-and-stock deal. The enterprise value (EV) of the agreement is around 72 billion, substantially higher than Paramount’s initial 10.7 billion in debt. As per the d ...