The American streaming giant Netflix has issued a press release announcing its intention to acquire Warner Bros. for 83 billion dollars.
In the official statement, both companies confirmed that Netflix and Warner Bros. Discovery, Inc. have reached a final agreement on the deal, which includes the Warner Bros. film and television studios, as well as the HBO Max and HBO platforms.
According to the terms of the deal, the stock price of Warner Bros. Discovery will be $27.75, which values the company at a total of $72 billion. The overall enterprise value will be approximately $82.7 billion.
The completion of the deal is expected after the separation of the Discovery Global division from Warner Bros. Discovery, which is scheduled for the third quarter of 2026.
In October, Warner Bros. Discovery announced its intention to consider the sale of the company or its individual assets depending on interest from potential buyers.
According to information published in November by the New York Times, Netflix emerged as one of the main candidates to acquire Warner Bros. Discovery and the HBO network.
Warner Bros. Discovery was formed as a result of the merger of Warner Media and Discovery Inc. in 2022. The company's portfolio includes brands such as Discovery, HBO Max, CNN, HBO, Food Network, Animal Planet, and Science Channel. In June, Warner Bros. Discovery announced plans to split into Warner Bros. and Discovery Global.
Netflix, founded in 1997 and based in Los Gatos, California, began producing its own films and series in 2013.
