Wells Fargo advises on Netflix-Warner deal in M&A win for bank

(Bloomberg) — Wells Fargo & Co (WFC). landed a co-advisory role on Netflix Inc.’s (NFLX) planned takeover of Warner Bros. Discovery Inc (WBD)., underscoring the bank’s willingness to flex its balance sheet to win blockbuster M&A mandates. The San Francisco-based lender is helping provide a $59 billion bridge loan for the deal, along with BNP Paribas SA and HSBC Holdings Plc — though Wells Fargo is the only one among the three banks to snag an all-important advisory credit. The enterprise value of the deal ...