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Netflix to Acquire Warner Bros. Following the Separation of Discovery . . . HOLLYWOOD, Calif , Dec 5, 2025 -- Today, Netflix, Inc (the Company) and Warner Bros Discovery, Inc (WBD) announced they have entered into a definitive agreement under which Netflix will acquire Warner Bros , including its film and television studios, HBO Max and HBO The cash and stock transaction is valued at $27 75 per WBD share (subject to a collar as detailed below), with a total
Proposed acquisition of Warner Bros. by Netflix - Wikipedia On December 5, 2025, American media conglomerates, Netflix and Warner Bros Discovery (WBD), announced an agreement in which Netflix, Inc would acquire the streaming and studios division of Warner Bros Discovery, (which includes the namesake Warner Bros , Home Box Office, DC Entertainment DC Studios, and TNT Sports) along with the company's extensive content library, in a cash-stock deal
Netflix announces deal to buy Warner Bros. and HBO Netflix has triumphed in the bidding war for Warner Bros and HBO, announcing a deal that could combine two of the three biggest streamers with one of the largest traditional movie and television
Netflix-Warner Bros: Five takeaways from the blockbuster deal Netflix is buying Warner Brothers' streaming services, including HBO, known for shows like Game of Thrones It sounds like a simple merger deal, but it's got all the ingredients of a Hollywood