Send
Print
pixahive
In a statement, Netflix announced that a final agreement has been reached. Under this deal, shareholders of WBD will receive $27.75 per share, with payment made in a combination of cash and Netflix stock. The total value of the transaction is expected to be $72 billion, with the total estimated value of WBD's assets, including debt but excluding cash and cash equivalents, at $82.7 billion.
Both companies' boards of directors have approved the deal. The transaction is expected to be finalized within 12 to 18 months, following the spinoff of WBD's global television network segment, Discovery Global, which is planned to be completed in the third quarter of 2026.
To fund the acquisition, Netflix plans to secure $59 billion in bank loans.
It was previously reported that Paramount Skydance and Comcast Corp. were also interested in acquiring WBD's assets. Paramount sought to purchase the entire company, including its cable channels, whereas Comcast, similar to Netflix, was only interested in WBD's entertainment and streaming divisions.
source: reuters.com
Both companies' boards of directors have approved the deal. The transaction is expected to be finalized within 12 to 18 months, following the spinoff of WBD's global television network segment, Discovery Global, which is planned to be completed in the third quarter of 2026.
To fund the acquisition, Netflix plans to secure $59 billion in bank loans.
It was previously reported that Paramount Skydance and Comcast Corp. were also interested in acquiring WBD's assets. Paramount sought to purchase the entire company, including its cable channels, whereas Comcast, similar to Netflix, was only interested in WBD's entertainment and streaming divisions.
source: reuters.com
