Netflix to Acquire Warner Bros. Discovery’s Studios & Streaming Division for US$72 Billion

In a blockbuster move that could reshape Hollywood’s landscape, Netflix has agreed to purchase the studios and streaming business of Warner Bros. Discovery for roughly US$72 billion in equity (approx. US$82.7 billion including debt). Under the agreement, each WBD share will be exchanged for US$23.25 in cash plus about US$4.50 in Netflix stock — totaling US$27.75 per share. The acquisition brings into Netflix’s fold iconic studios, film & TV production units, and major streaming assets including HBO Max, DC Studios, and the storied libraries of Warner Bros. Pictures. The deal follows a fierce bidding war in which rivals such as Paramount Skydance and Comcast were outbid by Netflix. To complete the acquisition, WBD first plans to spin off its cable TV and linear‑network operations (like news and traditional TV channels) into a separate publicly‑traded company, expected by the third quarter of 2026. For Netflix, the merger offers an unprecedented expansion of its content library — including blockbuster franchises, premium cinematic output, and high‑value series — potentially strengthening its position against legacy studios and other streaming giants. However, critics warn the consolidation could reduce industry competition, limit diversity of content, and pose regulatory and antitrust challenges in the U.S. and abroad. #SlimScan #GrowthStocks #CANSLIM