Netflix has won a competitive bidding process against Paramount and will acquire Warner Bros. and its companies—like Warner Bros. Games, HBO, and HBO Max—for $82.7 billion. The purchase is expected to be finalized in 2026.
This news follows Netflix’s recent agreement with Warner Bros. Discovery. It’s important to note that CNN, TNT, Bleacher Report, and other networks won’t be part of the deal; they’ll be moved into a separate company called Discovery Global.
If the deal does close as scheduled, Netflix will acquire the following properties:
- Warner Bros. Pictures
- Warner Bros. Television
- Warner Bros. Games
- DC Studios
- HBO
- HBO Max
- New Line Cinema
- TNT Sports (internationally)
Netflix announced it will acquire Warner Bros. Discovery (WBD) in a deal worth $27.75 per share, valuing the company at around $82.7 billion overall (with an equity value of $72 billion). Both companies’ boards have unanimously approved the agreement, but it still needs to be approved by WBD shareholders and regulators before it can be finalized.
Netflix is planning to expand its gaming library by acquiring several major game developers, including Rocksteady Studios, TT Games, NetherRealm Studios, and Avalanche Software. This means popular games like Mortal Kombat and titles from the Lego DC series will soon be available as part of Netflix Games.
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2025-12-05 16:10