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Netflix ends $35B deal to acquire Warner Bros. Discovery, citing disagreements, sending stock up.
Netflix has terminated its proposed deal to acquire Warner Bros.
Discovery, citing strategic and financial disagreements, a move that sent the company's stock soaring on Wall Street.
The decision marks a significant shift in the streaming landscape as Netflix opts to focus on its existing content and international expansion.
The abrupt cancellation comes after months of negotiations and speculation about a potential merger that would have reshaped the media industry.
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Netflix concluye un acuerdo de $ 35B para adquirir Warner Bros. Descubrimiento, citando desacuerdos, enviando el stock hacia arriba.