Netflix to acquire Warner Bros. in US$82.7 billion deal

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Netflix announced a definitive agreement to buy the Warner Bros. division from Warner Bros. Discovery (WBD) for a total enterprise value of approximately US$82.7 billion (around CA$114.2 billion). The blockbuster cash and stock transaction includes Warner Bros.' film and television studios, as well as HBO Max and HBO. This strategic move is set to close after WBD's Global Networks division, Discovery Global, spins off into a separate public company in the third quarter of 2026.

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