Tuesday, 02 January 2024 12:17 GMT

Netflix Acquires Warner Bros In $82.7 Billion Megadeal


(MENAFN- AsiaNet News)
  • Each WBD shareholder will get $23.25 in cash plus $4.50 worth of Netflix stock for every WBD share they own.
  • As a result, the deal is valued at $27.75 per WBD share, with a total enterprise value of approximately $82.7 billion and a total equity value of $72 billion. 

Netflix, Inc. (NFLX) and Warner Bros. Discovery, Inc. (WBD) announced on Friday a landmark deal under which Netflix will acquire Warner Bros., including its film and television studios, HBO, and HBO Max, in a cash-and-stock transaction. 

Each WBD shareholder will receive $23.25 in cash plus $4.50 in Netflix stock for each WBD share they own when the deal closes. As a result, the deal is valued at $27.75 per WBD share, with a total enterprise value of approximately $82.7 billion and a total equity value of $72 billion. 

The acquisition will merge Netflix's global streaming reach with Warner Bros.' legacy in film and television. Warner Bros' stock inched 0.1% lower in Friday's premarket while Netflix shares fell over 2%.

Get updates to this developing story directly on Stocktwits.

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AsiaNet News

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