Streaming Giant Announces $83 Billion Warner Bros. Deal. Investor’s Business Daily

Netflix (NFLX) announced early Friday that it will acquire Warner Bros. Discovery (WBD) in a cash and stock transaction with a total enterprise value of approximately $82.7 billion, beating out Paramount Skydance (PSKY). Warner Bros stock rose Friday while Netflix and Paramount fell. The deal, which is expected to face intense regulatory review, would give Netflix key Warner Bros. properties,…