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Netflix Paid $587M for Ben Affleck's AI Startup InterPositive

Summary

Netflix disclosed in a federal filing that it paid $587 million in cash for Ben Affleck's AI startup InterPositive. The acquisition closed in March with a total purchase price of approximately $587 million.

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Netflix Paid $587M for Ben Affleck's AI Startup InterPositive
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Netflix paid $587 million in cash when it purchased Ben Affleck‘s AI startup InterPositive, the company disclosed in a federal filing. As part of the company’s Form 10-Q report with the Securities and Exchange Commission, Netflix confirmed that it completed an acquisition in March “for a total purchase price of approximately $587 million. The disclosure […]

Key points and analysis

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Key points

  • Netflix acquired InterPositive for $587 million in cash.
  • The deal closed in March and was disclosed in an SEC filing.
  • InterPositive was founded by actor Ben Affleck.

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