THE LAGOS STATE WASTEWATER MANAGEMENT OFFICE (LSWMO), YESTERDAY, SEALED OFF SOME BUILDINGS/PROPERTIES ACROSS THE STATE OVER DIFFERENT ENVIRONMENTAL INFRACTIONS.(PHOTO). #PRESS RELEASE
Netflix to buy Warner Bros. film studio and streaming service for $72 billion
Netflix has reached an agreement to acquire Warner Bros. Discovery’s film studio and streaming business in a deal valued at $72 billion.
The acquisition will unite two major forces in entertainment, combining Warner’s iconic film and television properties—including HBO Max and DC Studios—with Netflix’s global streaming platform and original productions such as “Stranger Things” and “Squid Game.”
The deal, structured as a combination of cash and stock, values Warner shares at $27.75 each, giving the transaction a total enterprise value of around $82.7 billion. Completion of the acquisition is expected after Warner separates its Discovery Global cable networks into a new publicly traded company, currently planned for the third quarter of 2026.
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