Netflix Acquires Warner Bros Discovery
December 5, 2025
Netflix has announced its acquisition of Warner Bros Discovery for approximately $82.7 billion. The deal consists of cash and stock, priced at $27.75 per share. This acquisition will significantly impact the entertainment industry as Warner Bros owns popular franchises like 'Game of Thrones' and 'Harry Potter.' With this move, Netflix aims to strengthen its market position and reduce reliance on external studios. The agreement is expected to finalize in the third quarter of 2026.