Netflix (nflx.o), opens new tab has been hit with a consumer lawsuit seeking to block the online video giant’s planned $72 billion acquisition of warner bros discovery’s (wbd.o), opens new tab studio and streaming businesses The proposed class action, opens new tab was filed on monday by a. Streaming service platform netflix inc Was sued in federal court by a consumer seeking to halt its proposed $82.7 billion merger with warner bros A major deal between netflix and warner bros has sent shock waves through hollywood and sparked backlash. Netflix finds itself in the crosshairs of a consumer lawsuit that aims to block its proposed $72 billion acquisition of warner bros discovery’s studio and streaming operations, marking the latest challenge to what would be one of the largest mergers in entertainment history
The proposed class action, filed monday in u.s District court for the northern district of california, was brought by. Netflix planned to fund the cash portion with about $50.0 billion in new debt
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