Netflix Officially Buying Warner Bros. Discovery In $82.7B Deal

Netflix is officially buying Warner Bros. Discovery for a total enterprise value of $82.7B. The industry-changing deal will see Netflix paying $27.75 a share for the venerable Hollywood studio, with a total equity value of $72B. Netflix will acquire Warner Bros., including its film and television studios, HBO Max and HBO, subject to regulatory conditions – of which there will be several. The deal will follow after WBD’s global networks division, Discovery Global, spins out into a new publicly-traded compan ...