After Discovery Global split off, Netflix will buy Warner Bros. for a total enterprise value of $82.7 billion (equity value of $72.0 billion)
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After Discovery Global split off, Netflix will buy Warner Bros. for a total enterprise value of $82.7 billion (equity value of $72.0 billion) After Discovery Global split off, Netflix will buy Warner Bros. for a total enterprise value of $82.7 billion (equity value of $72.0 billion) Through the transaction, Netflix's top entertainment service and Warner Bros.' iconic franchises and storied libraries come together to provide an incredible offering for customers. Netflix will continue to run Warner Bros. Combining the two will increase consumer choice and value, expand opportunities for the creative community, and increase shareholder value. The Entertainment Industry Will Be Strengthened by Acquisition December 5, 2025, Hollywood, California Warner Bros. Discovery, Inc. (WBD) and Netflix, Inc. (the Company) announced today that they have reached a final agreement whereby Netflix will purchase Warner Bros., along with its film and television studios, HBO Max and HBO. With a total enterprise value of roughly $82.7 billion (equity value of $72.0 billion), the cash and stock transaction is priced at $27.75 per WBD sha…