Netflix spends $72 billion to acquire Warner Bros and HBO

The historic $72 billion deal gives Netflix access to a huge library of content from Warner Bros and HBO.

The global entertainment industry was shocked when Netflix announced the acquisition of Warner Bros Discovery for 72 billion USD.

The total value of the deal is up to 82.7 billion USD when including the debt that Netflix has to bear.

Netflix beat out Paramount and Comcast in a weeks-long, heated auction.

Each Warner Bros Discovery shareholder will receive cash and Netflix stock under the deal.

The deal gives Netflix a treasure trove of content including Harry Potter, Game of Thrones and DC Comics.

Classic series like Friends, The Big Bang Theory and The Sopranos also came to Netflix.

This was the turning point when Netflix transformed from a streaming platform into a mainstream film studio.

The company is committed to keeping Warner Bros. alive and continuing to release films in theaters.

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