Netflix wins bidding war over Warner Bros.

Netflix is ​​preparing to buy Warner Bros. studio and streaming business after being named the winner in a bidding war for the media giant. The two companies will now move into exclusive deal talks, wrap Reportspotentially including a $5 billion breakup fee if regulators block the takeover.

Netflix has reportedly offered $30 a share for the studio and its streaming assets, which include HBO Max and rights to brands including… Harry Potter And DC Comics. Netflix show Won interest from Comcast and Paramount, newly from Its own merger with Skydancethough Early interest It has been reported from Amazon and Apple as well.

Any deal must remove regulatory hurdles, although there is opposition I already mentioned From the Ministry of Justice. If things continue, Netflix will have to adapt to a new role in Hollywood, running one of the largest and oldest studios, including theatrical businesses it has historically avoided.