Netflix Acquires Warner Bros. for $82.7 Billion Deal

Netflix announced it is acquiring Warner Bros. in a deal valued at $82.7 billion, merging the largest streaming service with a historic studio known for classics like Casablanca and the Harry Potter franchise, according to CBS News.

The deal, which is expected to close 12 to 18 months after Warner Bros. Discovery spins off its television networks division, will see Netflix pay $27.75 per share, resulting in an equity value of $72 billion.

Analysts suggest this acquisition represents a transformative moment in the streaming landscape, enhancing Netflix's content production capabilities and subscriber appeal. Netflix co-CEO Greg Peters stated the merger will accelerate their business and help in attracting more subscribers.

However, there are concerns regarding regulatory hurdles, with some lawmakers worried that this acquisition could lead to reduced competition and higher consumer prices. The Writers Guild has also raised antitrust concerns, indicating that the deal could face scrutiny from regulators, as noted by NBC News.