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Netflix to Pay as Much as $600 Million for Ben Affleck's AI Firm [Yahoo! Finance]
Last netflix, inc. earnings: 4/21 04:00 pm
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US:NASDAQ Investor Relations: ir.netflix.com/investor-relations
(Bloomberg) — Netflix Inc. ( NFLX ) will pay as much as $600 million for InterPositive, the AI moviemaking company founded by Ben Affleck, according to people familiar with the matter, making the purchase one of the biggest ever by the streaming leader. The actual price, paid in cash, was less, said the people, who asked not to be identified because the terms are private. InterPositive's owners will earn even more if it meets certain performance targets. Netflix, which recently bid unsuccessfully for Warner Bros. Discovery Inc. ( WBD ), hasn't disclosed the terms. Most Read from Bloomberg Georgia Democrat Leads in Marjorie Taylor Greene's District Greek Oil Tanker Exits Strait of Hormuz With Its Signal Off Trump Says US to Get New Oil Refinery With Reliance Backing Trump Signals Possible End to War, Floats Removing Oil Sanctions US Didn't Escort Tanker Through Hormuz, Refuting Wright Post Photographer: Amy Sussman/Getty Images Netflix is buying InterPositive to acce
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