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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 announces deal to buy Warner Bros. and HBO On Friday morning, Netflix said it has reached a deal with Warner Bros Discovery to buy the legendary TV and movie studio and assets like the HBO Max streaming service for $72 billion, plus debt
Netflix to acquire Warner Bros. studio and streaming business Netflix to acquire Warner Bros studio and streaming business for $72 billion The cash and stock deal is valued at $27 75 per Warner share, giving it a total enterprise value of approximately $82