Netflix’s $28/Share Bid for WBD Studios & HBO Max Triggers Streaming Battle
(Market Pulse) – Netflix ($NFLX) is negotiating a blockbuster acquisition of Warner Bros. Discovery’s ($WBD) studio and HBO Max streaming assets for $28/share, excluding cable networks. The $5 billion breakup fee underscores serious regulatory risk and highlights a potential reshaping of Hollywood’s streaming power map. Paramount Skydance and Comcast ($CMCSA) lost out in a heated…