Summary
Before Netflix purchased Warner Bros. for $82.7 billion, it almost bought a major video game company, Electronic Arts (EA). However, the deal did not go through, and EA chose to go private with another group.
Key Facts
- Netflix acquired Warner Bros. for $82.7 billion.
- Netflix considered buying Electronic Arts, a big video game company.
- Electronic Arts was founded in 1982 and is known for sports video games like Madden NFL and NBA 2K.
- The deal between EA and Netflix did not proceed.
- EA agreed to a $55 billion deal to go private with a group backed by Saudi Arabia's Public Investment Fund.
- The deal for EA to go private is expected to finalize in the summer of 2026, pending regulatory approval.
- Netflix is involved in acquiring major media assets and plans to expand further.
