Netflix to Buy Warner Bros. in $72 Billion Cash, Stock Deal
Netflix is set to buy Warner Bros. Discovery in a landmark deal, combining the top streaming service with one of Hollywood’s oldest studios. Warner Bros. shareholders will get $27.75 per share in cash and Netflix stock. The deal is valued at $72 billion, with an enterprise value of $82.7 billion. Before closing, Warner Bros. will spin off CNN, TBS, and TNT. This marks Netflix’s biggest acquisition to date.
