Netflix Stock Down as It Plans To Buy Warner Bros. & HB Studio in $83 Billion Mega Deal.

 Netflix has revealed the plans of buying famous hollywood studio warner bros. The deal value is approximately $82.7 billion. 

The deal must be approved by regulators. It will consolidate netflix ownership of some hollywood entertainment companies including HBO.


 

Why Does Netflix Stock Down?

Today warner bros and netflix has announced a deal which is Netflix will buy warner bros and it's HBO max & HBO divisions. The deal is approximately $82.7 million.

The deal is not a surprise as the warner bros put itself on public sale previously and Netflix was primary bidders as expected.

The owner of Warner Bros & Discovery announced this summer that it will split the current company into two. The first one is streaming & studio assets and second one is Global network divisions.

With the announcement Netflix essentially buying streaming & studio sections and Discovery next year.

Netflix says when the deal closes, every WBD shareholder will receive $23.25 in cash. Moreover they will receive $4.50 in shares of Netflix common stock.

What IP Will Netflix Aquire According To The Deal?

Netflix will get ownership of Warner Bros, HBO max and HBO. Moreover Netflix will own DC Universe, Super Man, Wonder Woman, Batman, Game of Thrones, The Harry Potter Film francise, Friends, The Big Bang Theory.

When The Deal of Netflix-Warner Bros Will Close?

According to Netflix, The transaction will take 12 to 18 months to close. So it will going to close in 2027.

Netflix Stock Down Rate

Netflix Stock price down rate is 4% as of this writing. On Friday, Netflix Inc. shares fell in premarket trading.

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