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Netflix is planning an ambitious $83 billion takeover of Warner Bros. Discovery, signaling one of the largest mergers ever in the entertainment industry. The move aims to strengthen Netflix’s content library, expand its global reach, and gain a competitive edge in the rapidly evolving streaming landscape. By combining resources, talent, and iconic franchises, the acquisition could reshape the future of digital entertainment and intensify competition among major streaming giants.
The deal opens the door for Netflix to tap into an enormous library of iconic films and gain control of the highly regarded HBO Max platform, marking the most significant industry merger since Disney absorbed Fox for $71 billion in 2019.
On Friday, the American streaming powerhouse confirmed plans to purchase Warner Bros. Discovery for close to $83 billion, an announcement that sent ripples across Hollywood. By structuring the agreement at $27.75 per share, the companies have placed Warner Bros. Discovery’s overall value at roughly $72 billion, with its total enterprise worth, debt included, approaching $82.7 billion.
The company’s stock wrapped up Thursday’s trading session at $24.54 on the Nasdaq. Warner Brothers’ legacy stretches across generations, from timeless masterpieces like Casablanca and Citizen Kane to cultural phenomena such as The Sopranos, Game of Thrones, and the Harry Potter franchise.
“We’re excited to bring fans even more of the stories they adore while shaping the future of entertainment for decades to come,” said Ted Sarandos, Netflix’s co-CEO, whose studio has delivered worldwide sensations including Stranger Things, KPop Demon Hunters, and Squid Game.
“This moment unites two extraordinary creative forces,” added David Zaslav, President and CEO of Warner Bros. Discovery, in the announcement.
The merger, approved unanimously by both companies’ boards, is expected to be finalized within the next 12 to 18 months.
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Source: NDTV
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