Netflix's Acquisition of Warner Bros. Represents a Paradigm Shift in the Streaming Industry. Here Are 6 Things Investors Should Know About the Deal.
Keep in mind that Netflix already had close to $14.5 billion of long-term debt of its own at the end of its most recent quarter. The company stated that it still intends to maintain an investment-grade credit rating by implementing a rapid debt reduction plan once the deal is closed.Netflix is making a significant financial investment to secure this landmark deal. At the end of the third quarter, the company had approximately $9.3 billion in cash and equivalents, as well as an additional $3.6 billion in oth ...