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Netflix to buy Warner Bros. for $82.7bn after Discovery Global split

( December 5, 2025, 12:45 GMT | Official Statement) -- MLex Summary: Netflix has announced that it has agreed to buy Warner Bros., including its film and television studios, HBO Max and HBO, in a cash and stock transaction valued at approximately $82.7 billion, representing equity value of $72 billion. The transaction is expected to close after the previously announced separation of WBD’s Global Networks division, Discovery Global, into a new publicly-traded company, which is now expected to be completed in the third quarter of 2026.Full statement follows. ...

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