What's behind Netflix's $83bn takeover of Warner Bros Discovery | FT #shorts

Netflix's $83 billion bid for parts of Warner Brothers Discovery is a real plot twist. It's a big number even for a company like Netflix that's worth about $440 billion. But it's also from a company that doesn't really do big deals like this.Netflix has tended to try and build its own stuff rather than buying other people's. So why on earth would Netflix want to make such a big strategic swerve. Well, the answer is brands.Netflix by buying Warner Brothers Discovery is going to get some really big brands tha ...