Netflix Faces Mounting Pressure in High-Stakes Bid for Warner Bros. Discovery

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A fierce corporate battle is unfolding in the streaming sector, casting uncertainty over a landmark acquisition. Netflix’s proposed $82.7 billion takeover of Warner Bros. Discovery (WBD) is encountering significant headwinds from regulators and a surprise counter-bid from a rival, leaving investors to question the deal’s viability.

The path to consolidation for the streaming giant grew more complex this week. Netflix Co-CEO Ted Sarandos appeared before the Senate Judiciary Committee on Tuesday to defend the merger. The hearing revealed bipartisan skepticism, with lawmakers expressing concern that combining Netflix’s global platform with Warner Bros. Discovery’s vast content library could stifle market competition.