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Netflix announced an agreement to acquire Warner Bros. Discovery for $82.7 billion in a cash and stock deal. The acquisition includes Warner Bros.' film and television studios, HBO Max, and HBO. The deal values Warner Bros. shares at $27.75 each, with $23.25 in cash and $4.50 in Netflix stock. The acquisition is expected to close after the separation of Warner Bros. Discovery's Global Networks division in fiscal 2026.
Netflix plans to acquire Warner Bros Discovery's studios and streaming businesses for $83 billion, marking a major consolidation in Hollywood. The acquisition will expand Netflix's content library with Warner Bros' franchises and HBO series. The deal involves cash and stock, valuing WBD at $27.75 per share, and is expected to close within 12 to 18 months, pending regulatory approvals and shareholder votes.
Warner Bros. Discovery has entered exclusive negotiations with Netflix to sell its film studio and HBO Max streaming service, with Warner Bros.' iconic content providing a strong programming resource for Netflix. Netflix's offer of $30 per share implies an equity valuation of Warner's assets of up to $75 billion, and the combined user base of approximately 450 million will raise significant antitrust concerns
Netflix: entered commitment letter for up to $59 bln of senior unsecured bridge term loans to finance cash portion of consideration - filing
Netflix Inc: If deal terminated under certain circumstances, WBD to pay Netflix termination fee of $2.8 bln - SEC filing