Overview
- Bloomberg reported that Netflix executives discussed potential bids for Electronic Arts, Disney, and Fox but ultimately backed away over internal disagreement and fears of overpaying.
- The report did not clarify when those deliberations took place.
- Netflix reached a roughly $82.7 billion agreement on December 5 to acquire Warner Bros. Discovery’s studio and streaming assets, with closing contingent on regulatory approvals.
- Both the Warner Bros. transaction and a separate reported $55 billion proposal for EA involving Saudi Arabia’s Public Investment Fund face heavy scrutiny, and U.S. senators have voiced concern about foreign influence on EA.
- Netflix scaled back its gaming push after 2024 by canceling a AAA shooter and closing Boss Fight, while a completed Warner deal would put major game-related franchises such as Mortal Kombat, Batman, and Harry Potter under its control.