Netflix Acquires Warner Bros. Studios and HBO in Landmark $82.7 Billion Megadeal
Netflix has announced the acquisition of Warner Bros. studios, HBO, and HBO Max from Warner Bros. Discovery (WBD) in a transaction valued at $82.7 billion. This acquisition marks a significant expansion in Netflix's content offerings.
Netflix has announced the acquisition of Warner Bros. studios, HBO, and HBO Max from Warner Bros. Discovery (WBD) in a transaction valued at $82.7 billion. This acquisition marks a significant expansion in Netflix's content offerings.
The agreement, announced on Fri, values WBD shares at $27.75 each, with an equity value of $72 billion. A condition of the deal is the separation of WBD's Global Networks division, including CNN, TNT Sports, and Discovery+, into a distinct public company by the third quarter of 2026.
Netflix intends to maintain Warner Bros.' operations, including its theatrical releases, while integrating the acquired content libraries. The integration aims to enhance the range of content available on Netflix.
This acquisition marks a significant expansion in Netflix's content offerings.
Netflix forecasts annual cost savings of $2-3 billion by the third year following the acquisition, with earnings expected to be accretive by the second year. The acquisition is also anticipated to increase U.S. production jobs and broaden the audience for Warner Bros.' content globally.
For more details, visit the official announcement .
Based on reporting by Cyber Security News.
