The Zhitong Finance App learned that Netflix (NFLX.US) announced that it will acquire Warner Bros. Discovery Channel (WBD.US) at a price of $27.75 per share (total corporate value of approximately US$82.7 billion), including its film and television production division, HBO Max, and HBO businesses. Netflix said it will maintain Warner Bros.'s current operating model; the total equity value of the deal is approximately $72 billion. According to an earlier report, Netflix became the highest bidder to acquire Warner Bros. Under the terms of the agreement, each Warner Bros. shareholder will receive $23.25 in cash and 4.501 Netflix common shares per share.

The Zhitong Finance App learned that Netflix (NFLX.US) announced that it will acquire Warner Bros. Discovery Channel (WBD.US) at a price of $27.75 per share (total corporate value of approximately US$82.7 billion), including its film and television production division, HBO Max, and HBO businesses. Netflix said it will maintain Warner Bros.'s current operating model; the total equity value of the deal is approximately $72 billion. According to an earlier report, Netflix became the highest bidder to acquire Warner Bros. Under the terms of the agreement, each Warner Bros. shareholder will receive $23.25 in cash and 4.501 Netflix common shares per share.