‘Anti-monopoly nightmare’: Netflix’s Warner Bros takeover is far from a done deal

Netflix agreed on Friday to acquire Warner Bros for $82.7 billion (A$125b) in one of the biggest media transactions on record, but there are still a number of hoops to jump through before it is a done deal.

Netflix will acquire Warner Bros, including its film and television studios, streaming service HBO Max, and prestige production house HBO, in a deal worth US$27.75 per WBD share.

According to Bloomberg, Netflix’s co-CEO Ted Sarandos met with President Donald Trump in mid-November, where the pair spoke for over an hour, discussing “a range of topics, including the auction of Warner Bros. Discovery”.