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Netflix Will Purchase Warner Bros. Discovery for $83 Billion; Paramount Cries Foul Over Bidding Process

The streaming giant beat out Paramount and Comcast for the legacy studio with a cash and stock offer.

Netflix will purchase Warner Bros. Discovery’s Studio and Streaming business.
Netflix will purchase Warner Bros. Discovery’s Studio and Streaming business. AP/Marcio Jose Sanchez, file
PERRY CHIARAMONTE

PERRY CHIARAMONTE

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Netflix Will Purchase Warner Bros. Discovery for $83 Billion; Paramount Cries Foul Over Bidding Process | The New York Sun