Netflix to acquire Warner Bros. in a disruptive deal valued at $82.7B
Netflix is set to acquire Warner Bros. for $82.7 billion, including HBO Max and HBO studio, marking a major Hollywood merger. This move enhances Netflix's content library with franchises like DC Comics and Harry Potter. The deal, exceeding Warner Bros.' market value, may face antitrust scrutiny. Warner Bros. Discovery, burdened by debt, attracted several suitors, with Paramount as a frontrunner. The acquisition is expected to finalize in Q3 2026, with completion in 12-18 months.