Netflix announce Warner Bros Discovery purchase for $82.7bn

Kindly share this story:

Netflix has announced the acquisition of Warner Bros. Discovery assets in a major cash and stock deal valued at about 82.7 billion dollars, marking one of the biggest takeovers in the entertainment industry.

Both companies announced the agreement on Friday, confirming that Netflix will acquire Warner Bros., including its film and TV studios, HBO and HBO Max. The deal will only be completed after Warner Bros. Discovery separates its Global Networks division, Discovery Global, into a new publicly listed company by the third quarter of 2026.

The deal values Warner Bros. Discovery at 27.75 dollars per share, giving it an equity value of about 72 billion dollars. Each WBD shareholder will receive $23.25 in cash and $4.50 in Netflix stock for each share.

The companies say the deal will give subscribers more viewing options, increase production capacity in the United States and create more jobs in the industry. Netflix also expects to save between 2 and 3 billion dollars each year by the third year after the deal closes.

Click here for the full story

Kindly share this story:

All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from PUNCH.

Contact: [email protected]

UPDATE NEWS: Nigerians can now invest ₦2.5million on premium domains and profit about ₦17-₦25Million. All earnings paid in US Dollars. Rather than wonder, 👉 click here to find out how it work (Be sure to ask for evidence of clients that have benefitted from this)

Stay informed and ahead of the curve! Follow The Punch Newspaper on WhatsApp for real-time updates, breaking news, and exclusive content. Don't miss a headline – join now!

Stay in the know—fast. Get instant alerts, breaking headlines, and exclusive stories with the Punch News App. Download now and never miss a beat.