Netflix co-CEOs go on defensive over $83 billion Warner Bros deal

By Zaheer Kachwala Jan 21 (Reuters) - Netflix's co-CEOs found themselves in an unusual position after the company's latest earnings report: on the backfoot. The streaming pioneer's decision to plunk down nearly $83 billion on Warner Bros' assets marks a significant departure from ​the company's long-standing mantra: build, don't buy. Investors still aren't buying it. Shares were already under pressure even before Netflix made an ‌offer for Warner Bros Discovery's studio and streaming assets. The stoc ...