Netflix is making a historic acquisition with Warner Bros.

A New Era Begins with Netflix and Warner Bros.

Netflix (NFLX) has taken a significant step in the film world by entering into an acquisition agreement with Warner Bros. Discovery (WBD). This development indicates the end of a competitive bidding process involving giants like Paramount Skydance and Comcast.

Details of the Agreement

According to the announcements, the acquisition consists of both cash and stock. The per-share value set for Warner Bros. is stated to be $27.75, raising the total corporate value to $82.7 billion and the equity value to $72 billion.

Scope of the Acquisition

Under this agreement, Netflix will acquire Warner Bros.' renowned film studio and the popular streaming service HBO Max. Warner Bros. Discovery will also continue its process of divesting significant pay-TV networks such as TNT and CNN as part of a planned restructuring.

A Significant Encounter in the Media Sector

This agreement stands out as a crucial turning point in Netflix's journey to becoming a giant broadcaster. Warner Bros. hosts many famous projects, such as “The Wizard of Oz,” the “Harry Potter” series, and the DC Comics universe featuring Superman and Batman. Additionally, HBO Max content such as “The Sopranos” and “Game of Thrones” will be included in Netflix's library.

Timeline of the Acquisition Process

The acquisition is expected to be completed in the third quarter of 2026, following the separation of Warner Bros. Discovery’s television networks. As a result of the agreement, Warner Bros. Discovery shareholders will receive $23.25 in cash and $4.50 in Netflix common stock for each share.

This major acquisition aims to create a new competitive environment in the media sector while also providing viewers with a wealth of content options.