Netflix to acquire Warner Bros’ studio & streaming division for $72 billion, WBD stock jumps 3%

Key Highlights

• The acquisition is valued at $72 billion, including cash and stock for Warner Bros. shareholders.
• Netflix will gain control of HBO Max and a library of popular shows such as 'The Sopranos' and 'Game of Thrones'.
• The deal follows a competitive bidding war, surpassing Paramount Skydance's offer.
• Warner Bros. Discovery has been a significant player in Hollywood for over a century.
• This acquisition will enhance Netflix's portfolio by adding major franchises like 'Harry Potter' and 'DC Comics'.