Netflix To Acquire Warner Bros. At An Equity Value of $72 billion

Reuters

2025.12.05 12:07

I'm PortAI, I can summarize articles.

Netflix is set to acquire Warner Bros. for an equity value of $72 billion and a total enterprise value of $82.7 billion. The transaction, approved by both companies' boards, involves cash and stock valued at $27.75 per WBD share. Netflix plans to maintain Warner Bros.' operations and expects the deal to boost earnings per share by year two and achieve $2-3 billion in annual cost savings by year three. The acquisition is expected to close in 12-18 months after WBD's Discovery Global separation.

Dec 5 (Reuters) - Netflix Inc (NFLX.O) :

NETFLIX TO ACQUIRE WARNER BROS. FOLLOWING THE SEPARATION OF DISCOVERY GLOBAL FOR A TOTAL ENTERPRISE VALUE OF $82.7 BILLION (EQUITY VALUE OF $72.0 BILLION)
NETFLIX INC - NETFLIX TO MAINTAIN WARNER BROS.’ CURRENT OPERATIONS
NETFLIX INC: NETFLIX TO MAINTAIN WARNER BROS.’ CURRENT OPERATIONS
NETFLIX INC: CASH AND STOCK TRANSACTION IS VALUED AT $27.75 PER WBD SHARE
NETFLIX INC - EXPECTS TRANSACTION TO BE ACCRETIVE TO GAAP EARNINGS PER SHARE BY YEAR TWO.
NETFLIX INC: TRANSACTION WAS UNANIMOUSLY APPROVED BY BOARDS OF DIRECTORS OF BOTH NETFLIX AND WBD
NETFLIX INC - UNDER TERMS OF AGREEMENT, EACH WBD SHAREHOLDER WILL RECEIVE $23.25 IN CASH AND $4.50 IN SHARES OF NETFLIX COMMON STOCK
NETFLIX INC: EXPECTS TO REALIZE AT LEAST $2-3 BILLION OF COST SAVINGS PER YEAR BY THIRD YEAR
NETFLIX INC: DEAL TO CLOSE AFTER PREVIOUSLY ANNOUNCED SEPARATION OF WBD’S DISCOVERY GLOBAL INTO NEW CO WHICH IS NOW EXPECTED TO BE COMPLETED IN Q3
NETFLIX INC - TRANSACTION WAS UNANIMOUSLY APPROVED BY BOARDS OF DIRECTORS OF BOTH NETFLIX AND WBD
NETFLIX INC: TRANSACTION IS EXPECTED TO CLOSE IN 12-18 MONTHS Source text: Further company coverage: (NFLX.O)