Consumer Lawsuit Challenges Netflix’s $72 Billion Warner Bros. Discovery Deal
A proposed $72 billion acquisition by Netflix is facing a legal challenge after a consumer lawsuit was filed on December 9 in the U.S. District Court for the Northern District of California. The proposed class action, brought by Michelle Fendelender, a subscriber to Warner Bros.–owned HBO Max, alleges that Netflix’s planned purchase of Warner Bros. Discovery’s studio and streaming businesses would reduce competition in the U.S. subscription video-on-demand market. Announced last week following a weeks-long