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Netflix to acquire Warner Bros. in $72 billion deal [Yahoo! Finance Canada]
Last netflix, inc. earnings: 4/21 04:00 pm
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US:NASDAQ Investor Relations: ir.netflix.com/investor-relations
Netflix ( NFLX ) will acquire Warner Bros. ( WBD ) in a $72 billion deal, bringing together Hollywood's most storied studio and the world's largest streaming platform in one of the biggest entertainment deals in history. The companies announced Friday they've entered into a definitive agreement that will give Netflix control of Warner Bros.' film and TV studios, as well as HBO and HBO Max, following the planned separation of WBD's Global Networks division into its own publicly traded company next year. The deal values WBD at $27.75 per share. Shares of Netflix dropped 2% on the news while WBD gained 2% in early, premarket trading. Netflix, Inc. (NFLX) Once completed, the acquisition will combine Warner Bros.' century-long library and hit franchises — like “Harry Potter,” “DC,” “The Sopranos,” “Game of Thrones,” “Friends,” “The Big Bang Theory,” and “Casablanca” — with Netflix originals including “Stranger Things,” “Wednesday,” “Bridgerton,” and “Squid Game.” Netflix said it
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- Netflix Only Buying Warner Bros. To Sabotage A Rival Streamer? [Yahoo! Finance][Yahoo! Finance]
- Cinemas and unions sound alarms over Netflix-Warner Bros. deal [Los Angeles Times (CA)][Los Angeles Times]
- I Can't Believe This Addictive Netflix Thriller Is Still Living Rent-Free Inside My Head [CNET News][CNET News]
- Netflix–Warner Bros. deal sets pp $72 billion antitrust test [Fortune][Fortune]
- Netflix Breaks From 'Build, Not Buy' With Warner Bros. Deal [Yahoo! Finance][Yahoo! Finance]
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