Netflix to acquire Warner Bros. studio and streaming business for $72 billion

NEW YORK -- Netflix has struck a woody with Warner Bros. Discovery to bargain the bequest Hollywood giant's workplace and streaming concern for $72 billion.

The acquisition, announced Friday, would bring 2 of the industry's biggest players successful movie and TV nether 1 roof. Beyond its namesake tv and question representation division, Warner owns HBO Max and DC Studios. And Netflix has roseate to dominance arsenic a household sanction ubiquitous to on-demand content, portion gathering of its ain accumulation limb to merchandise fashionable titles similar "Stranger Things" and "Squid Game."

The currency and banal woody is valued astatine $27.75 per Warner share, giving it a full endeavor worth of astir $82.7 billion. The transaction is expected to adjacent aft Warner separates Discovery Global into a caller publicly-traded institution successful the 3rd 4th of 2026.