{"id":2188963,"date":"2025-12-06T05:37:43","date_gmt":"2025-12-06T05:37:43","guid":{"rendered":"https:\/\/celebrity.land\/en\/?p=2188963"},"modified":"2025-12-06T05:37:43","modified_gmt":"2025-12-06T05:37:43","slug":"netflix-to-acquire-warner-bros-in-82-7-billion-deal-creating-an-entertainment-powerhouse","status":"publish","type":"post","link":"https:\/\/celebrity.land\/en\/netflix-to-acquire-warner-bros-in-82-7-billion-deal-creating-an-entertainment-powerhouse\/","title":{"rendered":"Netflix to Acquire Warner Bros. in $82.7 Billion Deal, Creating an Entertainment Powerhouse"},"content":{"rendered":"

<\/p>\n

\n
<\/a><\/div>\n
\"\"<\/figure>\n

HOLLYWOOD, Calif., Dec. 5, 2025<\/strong> \u2014 Netflix and Warner Bros. Discovery (WBD) have announced a landmark agreement under which Netflix will acquire Warner Bros., including its film and television studios, HBO, and HBO Max, in a deal valued at $82.7 billion. The transaction, which combines cash and stock, represents an equity value of approximately $72 billion and values each WBD share at $27.75.<\/p>\n

The acquisition will take place following the planned separation of WBD\u2019s Global Networks division, Discovery Global, into a new publicly traded company, expected by Q3 2026.<\/p>\n

The deal unites Netflix\u2019s global streaming reach and innovative platform with Warner Bros.\u2019 century-long legacy of storytelling. Iconic franchises and shows\u2014including The Big Bang Theory<\/em>, The Sopranos<\/em>, Game of Thrones<\/em>, the DC Universe, The Wizard of Oz<\/em>, and Harry Potter<\/em>\u2014will now be part of Netflix\u2019s vast library, alongside its original hits like Stranger Things<\/em>, Bridgerton<\/em>, and Squid Game<\/em>.<\/p>\n

\n
\"Governors<\/div>\n
Trending<\/span><\/p>\n
Governors DeWine and Braun Place Friendly Wager on Big Ten Championship Game<\/a><\/div>\n<\/div>\n<\/div>\n

Netflix co-CEO Ted Sarandos said, \u201cBy combining Warner Bros.\u2019 incredible library of shows and movies with our culture-defining titles, we can give audiences more of what they love and help define the next century of storytelling.\u201d<\/p>\n

Greg Peters, Netflix co-CEO, emphasized the impact on the industry and creative community: \u201cThis acquisition strengthens Netflix\u2019s studio capabilities, expands U.S. production, and creates more opportunities for talent to work with beloved intellectual property.\u201d<\/p>\n

WBD CEO David Zaslav added, \u201cToday\u2019s announcement combines two of the greatest storytelling companies in the world, ensuring that people everywhere can continue to enjoy these resonant stories for generations to come.\u201d<\/p>\n

Consumer Benefits and Strategic Goals<\/strong>
Netflix plans to maintain Warner Bros.\u2019 current operations, including theatrical releases, while integrating HBO and HBO Max programming into its platform. The combined portfolio will offer more choice, high-quality content, and access for global audiences. The deal is expected to generate at least $2\u20133 billion in annual cost savings by year three and be accretive to GAAP earnings per share by the second year.<\/p>\n

Transaction Details<\/strong>
Under the agreement, WBD shareholders will receive $23.25 in cash and $4.50 in Netflix stock per share. The stock component is subject to a pricing collar to account for fluctuations in Netflix\u2019s stock prior to closing. Completion of the acquisition is contingent on regulatory approval, WBD shareholder approval, and the separation of Discovery Global. Netflix and WBD anticipate the deal will close within 12\u201318 months.<\/p>\n

Financial advisors for the transaction include Moelis & Company LLC, Wells Fargo, BNP, and HSBC for Netflix, and Allen & Company, J.P. Morgan, and Evercore for WBD. Legal counsel includes Skadden, Arps, Slate, Meagher & Flom LLP for Netflix, and Wachtell Lipton, Rosen & Katz and Debevoise & Plimpton LLP for WBD.<\/p>\n

The acquisition is expected to expand Netflix\u2019s global streaming offerings, provide more content for subscribers, strengthen the entertainment industry, and create greater value for shareholders.<\/p>\n

<\/p><\/div>\n