"After a lengthy bidding war with Paramount, Netflix has announced it has agreed to a deal to purchase Warner Bros. and many of its subsidiaries--including Warner Bros. Games, HBO, and HBO Max--for $82.7 billion dollars, with the deal scheduled to close in 2026. The announcement comes just hours after Netflix announced its bid had been accepted by Warner Bros. Discovery. Notably, Discovery is not included in the deal, as it will be spun off into a new company, Discovery Global,"
"According to Netflix's official announcement, the "cash and stock transaction is valued at $27.75 per WBD share, with a total enterprise value of approximately $82.7 billion (equity value of $72.0 billion)." The announcement also says that the deal was "unanimously approved by the Boards of Directors of both Netflix and WBD," and that "completion of the transaction is subject to required regulatory approvals, approval of WBD shareholders and other customary closing conditions.""
Netflix agreed to purchase Warner Bros. and many of its subsidiaries for a total enterprise value of approximately $82.7 billion, with the transaction scheduled to close in 2026. Discovery will be spun off into a separate company called Discovery Global and is not included in the Netflix acquisition. Acquired properties will include Warner Bros. Pictures, Warner Bros. Television, Warner Bros. Games, DC Studios, HBO, HBO Max, New Line Cinema, and international TNT Sports. The cash-and-stock deal values WBD shares at $27.75 each and was unanimously approved by both companies' boards, pending regulatory and shareholder approvals. Netflix's gaming portfolio will add studios such as Rocksteady, TT Games, NetherRealm, and Avalanche Software, bringing franchises like Mortal Kombat and Lego DC to Netflix Games.
Read at GameSpot
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