Netflix in exclusive talks for Warner Bros Discovery studio, streaming assets, source says

Netflix is in exclusive talks to acquire Warner Bros Discovery's film and TV studios and streaming assets for $28 per share, potentially reshaping the media landscape. The deal includes a $5 billion breakup fee if blocked by regulators. Concerns over the fairness of the bidding process have been raised by Paramount, which seeks to purchase Warner Bros Discovery entirely. The acquisition could reduce streaming costs by bundling Netflix and HBO Max.