"NEW YORK - 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 will acquire Warner Bros. Discovery's studio and streaming business for $72 billion, combining two major film and television companies. Warner brings its television and motion picture division, HBO Max and DC Studios, while Netflix offers a large production arm responsible for hits like "Stranger Things" and "Squid Game." The transaction mixes cash and stock and sets a per-share price of $27.75, valuing the enterprise at about $82.7 billion. The deal is slated to close after Warner separates Discovery Global into a newly publicly traded company in the third quarter of 2026.
Read at The Mercury News
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