Netflix Shocks Wall Street With Its Bold $72B Warner Bros. Takeover
We just saw a big shift in the entertainment world. On December 5, 2025, Netflix announced it would buy Warner Bros. Discovery’s studios and streaming business in a deal worth about US$72 billion in equity value (roughly US$82.7 billion including debt). With this move, Netflix becomes the home of legendary brands and shows. It now owns studios behind hits…