Netflix to Acquire Warner Bros. Discovery for $72B, Including HBO Max Streaming Service

Netflix to Buy Warner Bros. Discovery for $72 Billion

Netflix, the popular streaming service, has announced that it will buy Warner Bros. Discovery for $72 billion. This big news came out on Friday.

With this deal, Netflix will gain access to Warner Bros. Discovery’s film and TV studios, as well as its streaming platform, HBO Max. This means that many famous shows and movies will soon be part of Netflix’s library. Some of the highlights include popular series like “The Big Bang Theory,” “The Sopranos,” “Game of Thrones,” and classic movies such as “The Wizard of Oz.” Also, the DC Universe will join Netflix, bringing superheroes and exciting stories to its viewers.

The agreement is a mix of cash and stocks and is valued at $27.75 for each share of Warner Bros. Discovery. When looking at the overall value of the deal, it reaches about $82.7 billion.

Greg Peters, the co-CEO of Netflix, expressed excitement about the acquisition. He said, “This acquisition will improve our offering and accelerate our business for decades to come.” He also noted that Warner Bros. has played a significant role in shaping entertainment for over a hundred years and has great creative talent.