Netflix to Acquire Warner Bros. Discovery in $83 Billion Deal
Netflix is acquiring Warner Bros. Discovery for around $83 billion in a major cash-and-stock deal, combining Netflix's streaming dominance with Warner Bros.' vast library (HBO, DC Comics, Harry Potter, Friends, Casablanca, etc.), aiming to create a powerhouse by adding high-quality content and expanding global reach, though regulatory approval and integration challenges lie ahead. Key Details of the Acquisition: Valuation: The deal values Warner Bros. Discovery (WBD) at approximately $82.7 billion in enterprise value, with an equity value of around $72 billion. Content Powerhouse: Netflix gains iconic franchises like Harry Potter, DC Comics, Game of Thrones, and classic films, alongside its own hits like Stranger Things,. Structure: WBD's cable networks (like CNN) will be spun off, with Netflix acquiring the film and TV studios, HBO, and the streaming services (HBO Max). Strategic Goals: To offer more choice, enhance viewing options, expand production, and compete in the ...