The war to own Warner Bros. Discovery has come to an end. On December 5th, it was announced that Warner Bros. would merge with Netflix for $82.7 billion. Shortly after the acquisition agreement was published, Paramount released a statement opposing the merger. Paramount argued, over Warner Bros. heads, to their stockholders that the deal was unfair and not in their best interests.
Source: Netflix/Neilson
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On December 17th, the Warner Bros. Discovery board submitted its own recommendation to move forward with the Netflix merger agreement. The conglomerates doubled down, launching their netflixwbtogether.com site to showcase the benefits and intentions of the acquisition.
Source: https://www.netflixwbtogether.com/
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The transaction still requires approval by Warner Bros. Discovery stockholders and is not expected to close for 12-18 months. Before the Warner Bros. and Netflix merger, Warner Bros. and Discovery Global must separate. Only after approval and separation may Netflix officially own Warner Bros. The merger is not expected to take effect until Q3 2026.
Check back for future Netflix/Warner Bros. updates!
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