Netflix Paid $587 Million for Ben Affleck’s AI Startup InterPositive

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 came months after a Bloomberg report indicated Netflix’s March acquisition could amount to up to $600 million for Affleck and InterPositive’s investors, even if the total price for the company was less than that amount.