"Netflix will pay an equity value of $72 billion, or an approximate total enterprise value of $82.7 billion, for Warner Bros. All of WBD has a $60 billion market value, NBC News notes. The acquisition will take place after WBD completes the split of its streaming and studios businesses, which includes its film and TV libraries and the HBO channel, and its other TV networks, including CNN and TBS, into separate companies (Warner Bros. and Discovery Global, respectively). WBD's split is expected to finish in Q3 2026."
"Netflix expects the purchase to net it more subscribers, higher engagement, and "at least $2-3 billion of cost savings per year by the third year," its announcement said. Netflix co-CEO Greg Peters said in a statement that Netflix will use its global reach and business model to bring WB content to "a broader audience.""
"Additionally, Netflix's acquisition is subject to regulatory approvals, WBD shareholder approval, and other "customary closing conditions.""
Netflix agreed to acquire Warner Bros. for an equity value of $72 billion and an approximate enterprise value of $82.7 billion. The deal follows Warner Bros. Discovery's planned split into Warner Bros. (streaming and studios) and Discovery Global (other TV networks), a separation expected to complete in Q3 2026. The acquisition is subject to regulatory approvals, WBD shareholder approval, and customary closing conditions. Netflix anticipates more subscribers, higher engagement, and at least $2–3 billion in annual cost savings by the third year. The deal leaves unspecified outcomes for current WBD staff and management.
Read at Ars Technica
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