Netflix (NFLX) is in discussions to acquire the Radford Studio Center movie studio lot for a fraction of its 2021 sale price of $1.85B after Goldman Sachs (GS) and other lenders repossessed the property, Bloomberg’s John Gittelsohn, Lucas Shaw, and Thomas Buckley report, citing three people familiar with discussions. The current owner, Hackman Capital , defaulted on $1.1B of debt and turned the property over to lenders after it was unable to refinance last year, the report states.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NFLX:
- Notable open interest changes for April 21st
- Closing Bell Movers: Amazon gains on expanded Anthropic investment
- Netflix Stock (NFLX) Continues to Fall Post-Earnings. Morgan Stanley Says It’s Time to Buy
- Notable open interest changes for April 20th
- NFLX, CRCL, BLSH: Cathie Wood ‘Buys the Dip’ in Netflix and Dumps Crypto Stocks