BySiladitya Ray,
Forbes Staff.
Netflix on Friday announced it had reached a deal to acquire Warner Bros.— including the company’s film and television studios and streamer HBO Max—for $82.7 billion, in move that follows a weeks-long bidding war in which the streaming giant beat out Paramount and Comcast.
In a press statement the company said the cash and stock deal is valued at $27.75 per Warner Bros. Discovery share and it will close after the media giant’s TV network business is spun off into a separate public company, Discovery Global.
The deal is subject to regulatory approvals and is expected to be completed in the third quarter of 2026.
