Netflix agreed to buy Warner Bros. Discovery in a $72 billion deal, the streaming service announced on Friday.
Under the deal, Netflix will acquire Warner Bros. Discovery's film and television studios and streaming platform, HBO Max. Franchises, shows and movies such as "The Big Bang Theory," "The Sopranos," "Game of Thrones," "The Wizard of Oz" and the DC Universe will join Netflix’s extensive portfolio.
The cash-and-stock deal is valued at $27.75 per Warner Bros. Discovery share, putting the equity value at $72 billion. The enterprise value – the total value of a company including debt – is $82.7 billion.
