The Zhitong Finance App learned that on Wednesday, Warner Bros. Exploration (WBD.US) rose nearly 4% to a record high, surging 150% since September. According to the news, on December 5, Warner Bros. Exploration announced that the world's leading streaming platform Netflix (NFLX.US) has agreed to buy its streaming media and studio assets at a price of US$82.7 billion (including debt). Three days later, Paramount Sky Dance (PSKY.US) launched a hostile takeover of Warner Brothers, and the proposed takeover valued Warner Brothers as high as 108.4 billion US dollars. Regardless of who succeeds, the deal is subject to regulatory approval.

The Zhitong Finance App learned that on Wednesday, Warner Bros. Exploration (WBD.US) rose nearly 4% to a record high, surging 150% since September. According to the news, on December 5, Warner Bros. Exploration announced that the world's leading streaming platform Netflix (NFLX.US) has agreed to buy its streaming media and studio assets at a price of US$82.7 billion (including debt). Three days later, Paramount Sky Dance (PSKY.US) launched a hostile takeover of Warner Brothers, and the proposed takeover valued Warner Brothers as high as 108.4 billion US dollars. Regardless of who succeeds, the deal is subject to regulatory approval.