Netflix set to transform media business — and itself — with $83 billion Warner Bros. deal

Key Highlights

• Netflix is acquiring Warner Bros. Discovery for $82.7 billion.
• The deal will merge Netflix with Warner Bros.' film and streaming assets, including HBO Max.
• Netflix secured $59 billion in debt financing for the acquisition.
• The transaction is anticipated to close after Warner Bros. Discovery's spin-off of its television networks in 2026.
• Regulatory experts suggest the deal is unlikely to be blocked in the EU, but may face scrutiny.