Home > NewsRelease > Netflix to Acquire Warner Bros. in $82.7 Billion Deal After Discovery Global Spin-Off
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Netflix to Acquire Warner Bros. in $82.7 Billion Deal After Discovery Global Spin-Off
From:
Kathleen Greenler Sexton --- Subscription Expert Kathleen Greenler Sexton --- Subscription Expert
For Immediate Release:
Dateline: Boston, MA
Friday, December 5, 2025

 
Netflix has agreed, subject to regulatory and shareholder approvals, to acquire Warner Bros. from Warner Bros. Discovery (WBD) in a cash-and-stock deal valuing the business at $82.7 billion in enterprise value and $72.0 billion in equity value, in what is arguably one of the most consequential consolidation moves of the streaming era. The transaction will close only after WBD completes the…
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Name: Kathy Greenler Sexton
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