Netflix Makes a Blockbuster Deal for Warner Bros. But Is It a Win for Investors?

Netflix (NASDAQ: NFLX) won the business version of the Squid Game on Friday, beating out Paramount Skydance, Comcast, and possibly others in a bidding war for the Warner Bros. streaming and studios assets of Warner Bros. Discovery (NASDAQ: WBD).The deal isn't a total surprise. WBD had put those assets, which include the Warner Bros. film and TV studios, HBO, and HBO Max, up for auction after Paramount repeatedly tried to acquire the company, and Netflix was rumored to be among the interested parties, though it had dismissed questions about it on earnings calls.Netflix is now the biggest entertainment company in the world by far, with a market cap of more than $400 billion, and the company that was dismissed by a former Warner Bros. boss as the "Albanian army" is clearly strengthening its grip on the industry with the deal. With the broadest reach and the deepest pockets in the industry, it makes sense that Netflix emerged victorious.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool