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Netflix Strikes $82.7 Billion Deal to Take Over Warner Bros., Redefining the Global Entertainment Landscape Netflix seals $82.7 billion Warner Bros. takeover in blockbuster entertainment deal

Netflix Inc. has announced a landmark agreement to acquire Warner Bros. from Warner Bros. Discovery (WBD) in a cash-and-stock transaction that values the studio at an enterprise figure of about $82.7 billion and an equity value of $72 billion. The deal, one of the largest in entertainment history, brings together the world’s leading streaming platform and one of cinema’s most storied studios. Under the deal, each WBD shareholder will receive $23.25 in cash and an additional $4.501 in Netflix stock for every WBD share at closing. The transaction values WBD at $27.75 per share, subject to a collar tied to…

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About the Author

Paul Murungi is a Ugandan Business Journalist with extensive financial journalism training from institutions in South Africa, London (UK), Ghana, Tanzania, and Uganda. His coverage focuses on groundbreaking stories across the East African region with a focus on ICT, Energy, Oil and Gas, Mining, Companies, Capital and Financial markets, and the General Economy.

His body of work has contributed to policy change in private and public companies.

Paul has so far won five continental awards at the Sanlam Group Awards for Excellence in Financial Journalism in Johannesburg, South Africa, and several Uganda national journalism awards for his articles on business and technology at the ACME Awards.

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