Netflix Seals Landmark $82.7B Deal for Warner Bros. Discovery and HBO Assets

Netflix has sealed a landmark deal by announcing its $82.7 billion acquisition of Warner Bros. Discovery and its HBO assets. This definitive agreement creates an entertainment giant combining Netflix’s streaming expertise with Warner Bros.’ legendary production capabilities, establishing a new benchmark for scale and integration in the global entertainment industry.
The acquisition establishes $27.75 per share as the price for Warner Bros. Discovery stock, resulting in total equity value of approximately $72.0 billion. The comprehensive enterprise value of $82.7 billion reflects all of Warner Bros. Discovery’s assets, including film franchises, television properties, production facilities, and premium brands. The unanimous board approvals from both organizations signal strong confidence in the merger ‘s strategic rationale.
In discussing the acquisition, Netflix co-CEO Ted Sarandos focused on the mission-driven aspects of the combination. He emphasized that uniting Warner Bros.’ timeless content with Netflix’s innovative platform will enable the merged company to better fulfill its commitment to entertaining audiences worldwide. The acquisition provides Netflix with instant access to beloved franchises while offering Warner Bros. content a streaming platform with massive global reach.
Warner Bros. Discovery CEO David Zaslav expressed optimism about the partnership’s potential to amplify Warner Bros.’ cultural impact. He highlighted that Netflix’s sophisticated technology and data analytics will help Warner Bros. content find ideal audiences while maintaining creative integrity. The merger represents both companies’ recognition that success in modern entertainment requires the combination of quality content creation and advanced distribution technology.