In a major story that could have major ramifications for AEW, Netflix has officially won the bidding war for Warner Bros. Discovery (WBD), submitting the winning offer to acquire key assets of the media giant. According to a report by Deadline , Netflix offered approximately $28 per share, primarily in cash, to secure the deal. This development concludes a volatile auction process that saw WBD place itself on the block in October following multiple offers from Paramount.

The acquisition is poised to reshape the entertainment industry. Deadline sources indicate that Netflix will enter exclusive talks to finalize the transaction, aiming to close the deal by mid-to-late December. The agreement reportedly includes a $5 billion breakup fee payable by Netflix should the deal fail to close.

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