Netflix’s $82.7 Billion Bid to End the Streaming Wars – Merger Arbitrage Mondays
Warner Bros. Discovery, Inc. (WBD): $26.08
Market Cap: $64.62B
Deal Size: $82.7B
Netflix, Inc. (NFLX) entered a merger agreement on December 5, 2025, to acquire Warner Bros. Discovery for $82.7 billion, a deal that would give the streaming pioneer control of one of Hollywood’s oldest and most prized assets.
The deal marks a big change for Netflix. The compa…
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