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Netflix to Buy Warner Bros. Discovery in Major Streaming Deal
Netflix today announced that it will acquire Warner Bros. Discovery's vast studios and streaming operations for $82.7 billion. The transaction will see Netflix acquire Warner Bros., HBO, and HBO Max in a cash-and-stock deal valued at $72 billion in equity and $82.7 billion, including debt (via Reuters). The acquisition gives it control of major franchises, including DC, Game of Thrones, Harry Potter, Looney Tunes, and the Warner Bros.
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