Netflix says it's struck a deal to buy Warner Bros. Discovery for $27.75 per share

Netflix says it's struck a deal to buy Warner Bros. Discovery for $27.75 per share

Published Fri, Dec 5 2025

7:11 AM EST

Updated 2 Min Ago

Warner Bros. Studios in Burbank, California, US, on Wednesday, Nov. 26, 2025. Warner Bros.

Jill Connelly | Bloomberg | Getty Images

Netflix announced Friday it's reached a deal to buy Warner Bros. Discovery, bringing a swift end to a dramatic bidding process that saw Paramount Skydance and Comcast also vying for the legacy assets.

Disclosure: Comcast is the parent company of NBCUniversal, which owns CNBC. Versant would become the new parent company of CNBC upon Comcast’s planned spinoff of Versant.

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