Los Angeles, Dec. 6 -- Netflix has emerged victorious in the high-stakes bidding war for Warner Bros. and HBO, securing a deal that could merge one of the world's leading streaming platforms with a major traditional film and television studio.
The total enterprise value of the acquisition, including debt, is approximately USD 82.7 billion, with an equity value of USD 72 billion, according to the companies, as reported by Variety.
Netflix's successful bid came after weeks of competition against Paramount Skydance and Comcast.
"I know some of you are surprised we are making this acquisition," said Netflix co-CEO Ted Sarandos during a call with analysts, noting that the company has historically been more of a "builder" than a "buyer."Netfli...