Netflix (NFLX) supports Warner Bros. Discovery (WBD) board's commitment to merger agreement
Importance
Level 1
- Under the terms of the agreement announced December 5, 2025, Netflix will acquire Warner Bros., including its film and television studios, HBO Max and HBO, in a cash-and-stock transaction valued at USD 27.75 per WBD share, with a total enterprise value of approximately USD 82.7bln.
- As previously disclosed, the transaction is expected to close in 12-18 months from the date that Netflix and WBD originally entered into their merger agreement
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