- Tech News & Insight
- December 7, 2025
- Hema Kadia
Netflix plans to acquire Warner Bros. Discovery’s studio and streaming assets in a $72 billion transaction that could reshape streaming, theatrical distribution, and the broader media supply chain. The cash-and-stock offer values Warner at $27.75 per share and implies an enterprise value of $82.7 billion including debt. The combination would join Netflix’s global streaming leader with Warner’s television and motion picture divisions, including HBO, HBO Max, and DC Studios. Closing is targeted within 12–18 months, subject to regulatory clearance. The deal encompasses Warner’s studios and streaming businesses and their associated IP libraries.



