Netflix Strikes Historic Deal to Acquire Warner Bros. Discovery’s Studios and Streaming Business

Netflix has agreed to acquire the film and television studios — along with the streaming assets — of Warner Bros. Discovery (WBD) in a blockbuster transaction valued at roughly US$82.7 billion in enterprise value (≈ US$72 billion equity value), the companies announced December 5. Under the terms, Warner Bros. Discovery shareholders will receive US$27.75 per share. The deal covers the legendary Warner film & TV studios, the streaming service of HBO Max, and a vast content library — though linear cable networks (like CNN, TNT and others) will be spun off into a separate entity before closing. The acquisition follows a fierce bidding war, with rivals such as Paramount Skydance and Comcast also vying for the assets. Netflix’s final offer, reportedly mostly cash, outbid the competition. Netflix argues that the merger will allow it to bundle its streaming service with HBO Max — potentially lowering subscription costs for users — while giving it exclusive control over some of Hollywood’s most valuable franchises. Still, the deal will likely face intense regulatory scrutiny in the U.S. and Europe, given concerns that the merger could consolidate too much power in a single streaming giant and reduce competition. #SlimScan #GrowthStocks #CANSLIM