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Netflix, Inc. and Warner Bros. Discovery (WBD) announced “a definitive” acquisition agreement between the two parties.
Under the deal, the streaming giant will buy Warner Bros., including its film and TV studios, HBO Max and HBO, for $82.7 billion.In a joint statement on Thursday, the companies said the cash-and-stock offer is priced at $27.75 per WBD share.The entertainment firms said the deal is expected to close after WBD completes the planned separation of its Global Networks division, Discovery Global, into a new publicly listed company in the third quarter of 2026. Thecable
