BREAKING: NETFLIX TO BUY WARNER BROS. A DEAL WORTH OVER $80BN | #RWGBLOG

Netflix to acquire Warner Bros for $82.7bn

Netflix, Inc. and Warner Bros. Discovery (WBD) announced “a definitive” acquisition agreement between the two parties.

Under the deal, the streaming giant will buy Warner Bros., including its film and TV studios, HBO Max and HBO, for $82.7 billion.

In a joint statement on Thursday, the companies said the cash-and-stock offer is priced at $27.75 per WBD share.

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