Netflix to Acquire Warner Bros. Discovery in Historic $72B Deal

Netflix has agreed to purchase Warner Bros. Discovery in a monumental cash‑and‑stock transaction valued at US $72 billion. Under the deal, Netflix will gain control of Warner Bros.’ film and television studios — including the streaming arm HBO Max — bringing beloved franchises and content libraries like Game of Thrones, The Wizard of Oz, the DC Universe, The Big Bang Theory, and The Sopranos under its umbrella. The equity value of the deal is set at US $72 billion, with the total enterprise value — including debt — reaching about US $82.7 billion. Per share, Warner Bros. Discovery shareholders will receive US $27.75, combining cash and Netflix common stock. The agreement is expected to finalize after Warner spins off its global networks/cable‑based assets into a separate publicly traded entity — a process projected to complete in the second half of 2026. Netflix said the acquisition will significantly expand its U.S. production capacity and allow deeper investment in original content over the long term. The company also intends to preserve Warner Bros.’ existing operations, including theatrical movie releases. Warner Bros. Discovery CEO David Zaslav described the merger as a way to ensure that audiences worldwide will continue to enjoy “timeless and powerful stories” for generations to come. For viewers, this means a dramatic expansion of Netflix’s catalog — combining Netflix originals with decades of hit titles, across film and TV, under a single platform. #Netflix #WarnerBros #StreamingWars #EntertainmentDeal #SlimScan #GrowthStocks #CANSLIM