Netflix to acquire Warner Bros. Discovery for $82.7B, gaining HBO, DC Universe

• Netflix has agreed to acquire Warner Bros. Discovery Inc. (WBD) for an enterprise value of approximately $82.7 billion.
• The acquisition includes Warner Bros. film and TV studios, HBO Max, and HBO, adding content like Game of Thrones and the DC Universe to Netflix's catalog.
• The deal is expected to be completed within 12-18 months, following the separation of WBD's Global Networks into a new company, Discovery Global.
• Netflix plans to continue Warner Bros.'s existing operations, including theatrical releases, and anticipates $2-3 billion in annual cost savings.

Why It Matters: Netflix's acquisition of Warner Bros. significantly expands its content and market dominance.