Netflix set to purchase Warner Bros Discovery in $82.7 billion agreement

Netflix's Acquisition of Warner Bros Discovery: Netflix is acquiring Warner Bros Discovery for $82.7 billion, solidifying its position in global streaming and gaining control over major franchises like Game of Thrones and Harry Potter.

Impact on Content and Users: The acquisition is expected to significantly expand Netflix's content library, potentially leading to a combined subscription model for users currently subscribed to both Netflix and HBO Max.

Financial Details of the Deal: Warner Bros Discovery shareholders will receive $27.75 per share, consisting of cash and Netflix stock, with the deal anticipated to close after a spinoff of Discovery Global in 2026.

Strategic Advantages for Netflix: By securing long-term content rights, Netflix aims to reduce reliance on outside studios, enhance its offerings in video gaming, and generate substantial annual cost savings post-acquisition.