Netflix Buys Warner Bros for $82.7B, Adding HBO, DC Universe, GoT

• Netflix will acquire Warner Bros Discovery (WBD) for an enterprise value of $82.7 billion.
• The acquisition includes Warner Bros' film/TV studios, HBO Max, and HBO.
• WBD shareholders will receive $23.25 in cash and $4.501 in Netflix stock per share.
• The deal is expected to close in 12-18 months, following WBD's spin-off of Discovery Global.
• The merger will combine Netflix's streaming service with Warner Bros' extensive library, including franchises like Game of Thrones and the DC Universe.

Why It Matters: Netflix's acquisition of Warner Bros reshapes streaming and content availability.