Netflix Seals $82.7B Deal for Warner Bros., HBO

• Netflix has agreed to acquire Warner Bros., including its film studio, TV operations, HBO, and HBO Max.
• The acquisition is valued at an enterprise value of approximately $82.7 billion through a cash-and-stock transaction.
• Warner Bros. Discovery shareholders will receive $27.75 per share, with the deal unanimously approved by both company boards.
• Netflix co-CEO Ted Sarandos stated the acquisition strengthens the platform's creative ambitions and expands its content library.
• The deal will position Netflix as the owner of a major Hollywood studio, pending further regulatory processes.

Why It Matters: This acquisition gives Netflix a huge content library, impacting streaming choices for you.