Netflix has emerged victorious in a high-stakes bidding war, announcing an Acquisition Deal that positions the streaming giant to purchase Warner Bros. and HBO in a move poised to reshape Hollywood.
The landmark transaction, valued at $72 billion plus debt, marks one of the most significant power shifts in the entertainment industry’s modern era.
Netflix Acquisition Deal Blockbuster Announcement
On Friday morning, Netflix confirmed it had reached a definitive agreement with Warner Bros. Discovery (WBD) to acquire Warner Bros.’ iconic film and television studios, as well as HBO Max and HBO.
🔗 Source: Netflix to Acquire Warner Bros. – About Netflix
The cash-and-stock agreement values the deal at $27.75 per WBD share, representing a total enterprise value of $82.7 billion. According to Netflix, the merger will “create more opportunities for the creative community” and expand global access to Warner Bros.’ storied content library.
“This deal will allow us to introduce a broader audience to the worlds Warner Bros. creates,” said Greg Peters, Netflix co-CEO. “With our global reach and proven business model, we can give our members more options and strengthen the entire entertainment industry.”
