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Nicky91 · 05-12-2025, 02:16 PM

https://www.cnbc.com/2025/12/05/nefl...very-deal.html

Netflix announced Friday it’s reached a deal to buy pieces of Warner Bros. Discovery, bringing a swift end to a dramatic bidding process that saw Paramount Skydance and Comcast also vying for the legacy assets.

The deal is for WBD’s film studio and streaming service, HBO Max. Warner Bros. Discovery will still spin out its TV networks, which includes TNT and CNN, as previously planned.

The acquisition is expected to close in 12 to 18 months.

Netflix
announced Friday it’s reached a deal to buy pieces of Warner Bros. Discovery,
bringing a swift end to a dramatic bidding process that saw Paramount Skydance
and Comcast
also vying for the legacy assets.

The transaction is comprised of cash and stock and is valued at $27.75 per WBD share, the companies said. That puts the equity value of the deal at $72 billion, with a total enterprise value of approximately $82.7 billion.

Netflix will acquire Warner Bros.’s film studio and streaming service, HBO Max. Warner Bros. Discovery will move forward with its previously planned spin out of Discovery Global, which includes its massive portfolio of pay TV networks, such as TNT and CNN.

The blockbuster deal brings together the streaming giant Netflix, which has upended the media industry in recent years, and the storied Warner Bros. film studio, known for its library including “The Wizard of Oz,” the Harry Potter franchise and the DC comics universe. It will also include the content of HBO Max, including “The Sopranos” and “Game of Thrones.”

“I know some of you’re surprised that we’re making this acquisition, and I certainly understand why. Over the years, we have been known to be builders, not buyers,” Netflix Co-CEO Ted Sarandos said on an investor call Friday morning.

“We already have incredible shows and movies and a great business model, and it’s working for talent, it’s working for consumers and it’s working for shareholders. This is a rare opportunity. It’s going to help us achieve our mission to entertain the world and to bring people together through great stories.”

The acquisition is expected to close after the TV networks separation takes place, now expected in the third quarter of 2026. The companies estimated the transaction would close in 12 to 18 months.

As part of the deal every Warner Bros. Discovery shareholder will receive $23.25 in cash and $4.50 in shares of Netflix common stock for each share of WBD common stock outstanding following the close of the deal.

Netflix and Warner Bros. Discovery said each of their boards of directors unanimously approved the deal, which is subject to regulatory approval as well as approval of WBD shareholders.

Netflix has agreed to pay a $5.8 billion reverse breakup fee if the deal is not approved, according to a Securities and Exchange Commission filing. Warner Bros. Discovery would pay a $2.8 billion breakup fee if it decides to call off the deal to pursue a different merger.

Nicky91 · 05-12-2025, 02:19 PM

might be somehow some good news there for Disney Plus too, considering Netflix doesn't want the content from HGTV, TLC, Discovery Channel, that content will be up for grabs then, and i could really see Disney making a move for that reality content, for their Hulu section

good move from Netflix, considering their deal with Sony Pictures is also soon expiring, meaning most of that content will move onto Disney

it is a lot of money to buy Warner Bros, but honestly with The Last Of Us, House of the Dragon you can easily win back a good share of that money i think

Zizu · 08-12-2025, 05:26 AM

Quote:

Originally Posted by Nicky91

it is a lot of money to buy Warner Bros, but honestly with The Last Of Us, House of the Dragon you can easily win back a good share of that money i think

£70 billion though ?!!

arista · 05-12-2025, 04:37 PM

Yes Mega Deal.

Reports CNN may stay out of it.

arista · 06-12-2025, 08:55 AM

Nicky91 · 06-12-2025, 09:05 AM

Quote:

Originally Posted by arista

like i said solid replacement for the expiring deal with Sony, which is basically what Disney Plus are waiting for, so afterwards Sony are all for Disney, but they for the time being had to respect any other existing contracts Sony have

basically the only reason why the Spider-Man films aren't on Disney Plus yet

bots · 06-12-2025, 04:24 PM

HBO create most of the top series on TV, so i hope they keep that creative talent

Merry Mockmas · 08-12-2025, 08:06 AM

Quote:

Originally Posted by bots

HBO create most of the top series on TV, so i hope they keep that creative talent

HBO Max though?

Zizu · 08-12-2025, 08:34 AM

Quote:

Originally Posted by Merry Mockmas

HBO Max though?

HBO is a fabulous purchase

Sopranos Dexter Boardwalks Empire ?

Merry Mockmas · 09-12-2025, 06:00 AM

Quote:

Originally Posted by Zizu

HBO is a fabulous purchase

Sopranos Dexter Boardwalks Empire ?

Dexter.

emseateng2014 · 08-12-2025, 03:17 AM

this is gotta be one of the biggest news in the entertainment universe since disney bot lucus arts and lucus films or when disney got 20th century fox and 21 century fox or that time disney ate marvel comics

Nicky91 · 08-12-2025, 02:03 PM

Quote:

Originally Posted by emseateng2014

this is gotta be one of the biggest news in the entertainment universe since disney bot lucus arts and lucus films or when disney got 20th century fox and 21 century fox or that time disney ate marvel comics

and Disney's 100% ownership of Hulu also a great deal for them, oh and 20th Century Fox/21st Century Fox is nowadays Searchlight studios btw

arista · 08-12-2025, 03:36 PM

Now Paramount,
is also putting in a hostile bid

[Paramount launches a hostile takeover bid for
Warner Bros. Discovery.
The Paramount Studios in Los Angeles on
Sunday, ... Paramount has
gone straight to Warner Bros.
Discovery's shareholders with an all-cash offer
for the company that it says is more valuable than
Netflix's deal was announced on Friday.]