BUSINESS

Netflix to Acquire Warner Bros Studios and HBO

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Sources: 7

Left 14%

Center 86%

Sources: 7

Los Angeles — Netflix announced Dec. 5 that it will acquire Warner Bros Discovery’s film and television studios together with HBO and HBO Max. The companies said the cash-and-stock transaction values the acquired assets at about $27.75 per share and yields an enterprise value near $82.7 billion after Netflix assumes about $10 billion of Warner debt. Warner Bros Discovery began soliciting offers in October and held a second-round auction that included bids from Paramount, Skydance and Comcast. The transaction is expected to close within 12–18 months. Based on 7 articles reviewed and supporting research.

Timeline

October: Warner Bros. Discovery opens sale process after unsolicited offers.
Late November: Multiple bidders submit second-round offers, including Netflix and Paramount.
Dec. 4: Market reports show Netflix leading with near $27.75–$28 per-share bids.
Dec. 5: Netflix and Warner Bros. Discovery announce agreement for the asset sale.
Anticipated 12–18 months to close pending regulatory approvals and Discovery Global spinoff.

Media Bias

Articles Published:: 7
Right Leaning:: 0
Left Leaning:: 1
Neutral:: 6

Who Benefited

Netflix and its shareholders will benefit from expanded content ownership, franchise rights, and increased market scale, which could boost subscription revenue, cross-platform monetization, and long-term strategic positioning in streaming and production.

Who Suffered

Consumers and competing streaming services may face reduced choice and potential price increases; employees and contractors of Warner Bros. Discovery could face restructuring and integration-related job risks during the acquisition process.

Expert Opinion

After reading and researching latest news.... The transaction consolidates major studio and streaming assets under Netflix, valued at roughly $82.7 billion enterprise value; Netflix offered about $27.75 per share and will assume about $10 billion debt. Regulatory review and closing timeline of 12–18 months present primary completion risks and scrutiny.

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