"Netflix has struck a deal with Warner Bros. Discovery to buy the legacy Hollywood giant's studio and streaming business for $72 billion. The acquisition, announced Friday, would bring two of the industry's biggest players in film and TV under one roof. Beyond its namesake television and motion picture division, Warner owns HBO Max and DC Studios. And Netflix has rose to dominance as a household name ubiquitous to on-demand content,"
"while building of its own production arm to release popular titles like Stranger Things and Squid Game. The cash and stock deal is valued at $27.75 per Warner share, giving it a total enterprise value of approximately $82.7 billion. The transaction is expected to close after Warner separates Discovery Global into a new publicly-traded company in the third quarter of 2026."
Netflix has struck a deal to buy Warner Bros. Discovery's studio and streaming business for $72 billion. The acquisition brings two of the industry's biggest film and television players under one roof. Warner's assets include its television and motion picture division, HBO Max and DC Studios. Netflix operates a dominant on-demand platform and has built its own production arm that released Stranger Things and Squid Game. The cash-and-stock offer values the deal at $27.75 per Warner share and gives an enterprise value of about $82.7 billion. The transaction is slated to close after Warner separates Discovery Global into a new publicly traded company in the third quarter of 2026.
Read at www.eastbaytimes.com
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