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Netflix to acquire Warner Bros Discovery in landmark USD 72 billion deal
The deal, revealed on Friday, will unite two of Hollywood’s most influential players under one umbrella
Netflix has announced a landmark agreement to acquire Warner Bros Discovery’s studio and streaming operations for USD 72 billion, a move set to reshape the global entertainment landscape.
The deal, revealed on Friday, will unite two of Hollywood’s most influential players under one umbrella, combining Netflix’s dominant streaming platform with Warner’s storied film and television assets.
Warner Bros Discovery’s portfolio includes its eponymous studio, HBO Max, and DC Studios, while Netflix has built a formidable reputation in on-demand content and original productions, including hits such as Stranger Things and Squid Game.
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The all-cash and stock transaction values Warner shares at USD 27.75 each, placing the enterprise value of the combined entity at around USD 82.7 billion.
The acquisition is expected to conclude after Warner separates its Discovery Global business into a new publicly traded company, anticipated in the third quarter of 2026.
The merger represents a major consolidation in the media and entertainment industry, combining Netflix’s global streaming reach with Warner’s deep catalogue of content and production capabilities.
With PTI Inputs
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