- Netflix Announces Approval to Acquire WB in a $72 Billion Deal
- Company Expects Up to $3 Billion in Synergies After Completion
- Netflix Executives Confirm Accelerated Regulatory Approvals
Global entertainment platform Netflix has announced its approval to acquire the film and live-broadcast operations of Warner Bros Discovery (WB) in a deal valued at $72 billion, equivalent to £54 billion.
Netflix outbid competitors Comcast and Paramount Skydance after extensive negotiation rounds to secure the acquisition.
According to reports, WB holds the rights to major global franchises, including the Harry Potter series and Game of Thrones, in addition to operating the HBO Max streaming service.
With Netflix’s acquisition of WB, a new entertainment giant will be formed; however, the deal will still require clearance from regulatory authorities.
According to Netflix officials, the company is currently expediting the process of securing all regulatory approvals to finalize the deal as quickly as possible, enabling the platform to deliver enhanced entertainment offerings by combining WB’s film and content library with Netflix’s original productions such as Stranger Things.
Netflix estimates the total deal value at $72 billion, including all debt and assets, representing $27.75 per WB share.
The company expects to generate $2–3 billion in synergies following the acquisition, resulting from the elimination of operational overlaps in support, technology, and other shared functions.
