Netflix to buy Warner Bros in $72B deal
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12hon MSN
Sen. Elizabeth Warren slams Netflix’s $72B deal for WBD, calls it an ‘anti-monopoly nightmare’
Sen. Elizabeth Warren called Netflix’s $72 billion acquisition of Warner Bros. Discovery’s studios and streaming division an antitrust “nightmare” that would harm workers and consumers, ramping up bipartisan criticism of the entertainment megadeal on Friday.
Republican Sen. Mike Lee signaled that a hearing over Netflix's $82.7 billion acquisition of Warner Bros. Discovery's streaming and studio assets is "almost certain," warning that the deal has "a lot of antitrust red flags.
The Department of Justice's antitrust chief will likely take action to prevent the proposed merger from proceeding.