Netflix to Acquire Warner Bros. Discovery's Studio and Streaming Businesses in $72 Billion Deal

Netflix has agreed to buy the studio and streaming businesses from Warner Bros. Discovery for $72 billion. The deal includes HBO Max and Warner Bros. studio operations.

To fund the acquisition, Netflix plans to take on about $50 billion in new debt. The total value of the deal, including debt, is estimated to be $82.7 billion.

The acquisition has faced some early challenges. Netflix is now facing a consumer lawsuit that aims to block the deal. Some market analysts have also expressed concerns about the large amount of debt Netflix would take on as part of the transaction.

Netflix is buying the studio operations and the HBO Max streaming service from Warner Bros. Discovery.

The deal is valued at $72 billion, with a total enterprise value of $82.7 billion when debt is included.

Netflix plans to take on around $50 billion in new debt to help fund the purchase.

A consumer lawsuit has been filed to block the deal, and there are market concerns about the amount of debt Netflix will have after the acquisition.

The Motley Fool

Last week, Netflix agreed to buy the studio and streaming businesses from Warner Bros. Discovery in a deal valued at $72 billion.

Forbes

Netflix (NASDAQ:NFLX) has made an agreement to acquire the studio operations and HBO Max streaming service from Warner Bros. Discovery for $72 billion in equity, which values the company at an overall enterprise value of $82.7 billion, including debt.

Barrons

The streaming company intends to take on around $50 billion of new debt to fund the cash portion of the Warner Bros. Discovery acquisition.

Reuters

Netflix has been hit with a consumer lawsuit seeking to block the online video giant's planned $72 billion acquisition of Warner Bros Discovery's studio and streaming businesses.

Market Watch

Some analysts view Netflix's move to acquire Warner Bros. as a sign that it is worried about the growing strength of YouTube and TikTok among younger viewers

The Motley Fool

Netflix's friendly acquisition of Warner Bros. Discovery now has a hostile third party in the mix.

The Guardian

Lawsuit argues that proposed deal threatens to reduce competition in US subscription video-on-demand market

New York Post

"After Paramount announced the hostile [takeover bid], I hear it's almost guaranteed that Netflix will up its offer to stay in the game," said one media company executive.

Proactive Investors

The battle for control of Warner Bros Discovery Inc (NASDAQ:WBD, XETRA:J5A) has narrowed into a bruising contest between Paramount and Netflix Inc (NASDAQ:NFLX, XETRA:NFC). And the intensity of that fight has made Tencent's continued involvement all but untenable.

Barrons

Media investor Mario Gabelli is among those who may back Paramount's hostile bid over Netflix's initial offer.

Benzinga

With Netflix and Paramount practically wrestling over who gets to paint their logo on Warner Bros' water tower, shareholders are getting the best action sequence of all.

Skynews

A huge takeover that would rock the entertainment industry looks imminent, with Netflix and Paramount fighting over Warner Bros Discovery (WBD).

The Motley Fool

Netflix's planned acquisition of Warner Bros.' assets, including HBO and HBO Max, marks the largest consolidation in the industry to date.

WSJ

Media company's shares surged Tuesday and Wednesday, with hedge funds hoping for Paramount, Netflix bidding war.

CNBC Television

Alex Fitch, partner and portfolio manager at Oakmark, joins 'Money Movers' to discuss the Warner Bros. Discovery bidding war, the value of linear, and more.

Seeking Alpha

Netflix is a buy following its bold $27.75/share bid for Warner Bros. studios and streaming assets. Acquiring Warner Bros. would combine NFLX's subscriber base with premier Hollywood IP, positioning it as the global streaming revenue leader. Risks include Paramount's competing $30/share hostile bid,...

Bloomberg Markets and Finance

Robert Fishman, Moffettnathanson Senior Analyst, discusses the bidding war for Warner Bros. Discovery and how long it may take for a deal to receive regulatory approval.

Bloomberg Technology

Laura Martin, senior entertainment analyst at Needham & Co., discusses Paramount's and Netflix's competing bids for Warner Bros. Discovery, which company is more likely to win the regulatory approval for the bid, and what it means for the entertainment industry and for consumers.

Deadline

Paramount continues to take its case to Warner Bros. Discovery shareholders after launching a hostile takeover offer to pry the company away from Netflix. “Dear Warner Bros.

ETF Trends

Netflix, Inc. (NFLX) is caught in the middle of an escalating bidding war for Warner Bros. Discovery that's creating volatility for the streaming giant's shares and new trading opportunities in leveraged ETFs tied to the stock.

The Motley Fool

In this video, Motley Fool contributors Jason Hall and Jeff Santoro break down the latest competing deals for Warner Bros. Discovery (WBD +4.49%), between the agreed-upon deal with Netflix (NFLX 4.14%) and the hostile tender offer from Paramount Skydance (PSKY +0.55%).

Barrons

Wall Street is starting to wonder if shares are oversold, even as the Warner Bros. Discovery takeover saga drags on.

Barrons

Shares look a lot cheaper following a recent selloff, and they are well-positioned to rally however the takeover battle shakes out.

The Motley Fool

Netflix appeared to make the most attractive bid for Warner Bros. Discovery's studio and streaming businesses late last week.

Show All Sources

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Netflix to Acquire Warner Bros. Discovery's Studio and Streaming Businesses in $72 Billion Deal

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