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Benzinga
Benzinga
Business
Henry Khederian

Netflix To Acquire Warner Bros. Discovery: What It Means For AMC

AMC Entertainment Holdings Inc.

AMC Entertainment Holdings Inc (NYSE:AMC) shares are trading lower Friday morning following the announcement that Netflix Inc (NASDAQ:NFLX) has agreed to acquire Warner Bros. Discovery Inc (NASDAQ:WBD) in a definitive deal valued at $82.7 billion.

Additionally, in a disclosure that added governance concerns to an already volatile session, AMC on Thursday revealed that CEO Adam Aron, 71, suffered a “minor stroke” on November 17 while in London.

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