Company News - Netflix has won the bid for Warner Brothers Discovery (WBD) at a price of $27.75 per share, resulting in an enterprise value of $82.7 billion and an equity value of $72 billion for the combined entity [3][4] - The acquisition will integrate Netflix's streaming services with various WBD properties, including CNN, HBO Max, Major League Baseball, DC Studios, the Food Network, and HGTV [3] - The deal is expected to close within a year and a half, following a proposed spinoff of Discovery Global TV networks in Q3 of 2026 [5] Industry Impact - The acquisition by Netflix is anticipated to streamline American professional entertainment, consolidating corporate ownership of TV, film, and streaming services [5] - The bid effectively eliminates competition from other suitors like Paramount Skydance, which had offered $30 per share but with a lower breakup fee of $5 billion compared to Netflix's $5.8 billion [4]

Company and Industry Insights - Netflix has successfully acquired Warner Brothers Discovery (WBD) for $27.75 per share, resulting in an enterprise value of $82.7 billion and an equity value of $72 billion [3][4] - The acquisition will integrate Netflix's streaming services with various WBD properties, including CNN, HBO Max, Major League Baseball, DC Studios, the Food Network, and HGTV, significantly consolidating the American entertainment landscape [3][5] - The deal is expected to close within a year and a half, following a proposed spinoff of Discovery Global TV networks in Q3 of 2026, which will further streamline corporate ownership in the TV, film, and streaming sectors [5]