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120 Netflix to Buy Warner Bros. Discovery in Major Streaming Deal

MacRumors
Hartley Charlton @ MacRumors 2 place · 12/05/2025 08:29 EDT

Netflix to Buy Warner Bros. Discovery in Major Streaming Deal

Netflix today announced that it will acquire Warner Bros. Discovery's vast studios and streaming operations for $82.7 billion.


The transaction will see Netflix acquire Warner Bros., HBO, and HBO Max in a cash-and-stock deal valued at $72 billion in equity and $82.7 billion, including debt (via Reuters). The acquisition gives it control of major franchises, including DC, Game of Thrones, Harry Potter, Looney Tunes, and the Warner Bros. film library, dramatically expanding the volume and diversity of con

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