For Netflix, the streaming industry's biggest player with more than 300 million customers, buying the film and streaming division would have bolstered its movie offerings, while heading off any potential rivals looking to get their hands on the Warner Bros content.
However, critics in the nation have expressed concern that Google could now come in and monopolize the market. "If Naver and Kakao are weakened or pushed out and Google later raises prices, that becomes a monopoly. Then, even companies that rely on map services — logistics firms, for example — become dependent [on Google]," geography professor Choi Jin-mu told Reuters.
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