Market Chatter: Netflix in Talks to Buy Los Angeles Movie Studio Space
Netflix (NFLX) is in talks to purchase a historic Los Angeles movie studio space for a fragment of its 2021 sale price of $1.85 billion, after the property was repossessed by lenders including Goldman Sachs (GS), Bloomberg reported Tuesday, citing people familiar with the discussions.The final price for Radford Studio Center has not been decided yet, with one person involved in the talks mentioning that the potential price will be less than one-third of the 2021 price, the report said.Hackman Capital Partners, who currently own the property, defaulted on $1.11 billion of debt and handed over the property to lenders including Goldman Sachs after it failed to reach a refinancing deal last year, according to the news outlet.Netflix and Goldman Sachs did not immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $93.11, Change: $+0.53, Percent Change: +0.57%