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Netflix to Acquire Warner Bros. Following the Separation of Discovery . . . HOLLYWOOD, Calif , Dec 5, 2025 -- Today, Netflix, Inc (the Company) and Warner Bros Discovery, Inc (WBD) announced they have entered into a definitive agreement under which Netflix will acquire Warner Bros , including its film and television studios, HBO Max and HBO The cash and stock transaction is valued at $27 75 per WBD share (subject to a collar as detailed below), with a total
Netflix to buy Warner Bros. in a deal valued at $82. 7 billion Netflix on Friday said it is buying Warner Bros in a deal valued at $82 7 billion, merging the biggest streaming service with a storied studio that has produced films such as "Casablanca" and the