Netflix acquires Warner Bros. for $82 billion
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In a deal worthy of the high-flying wheelers and dealers on HBO shows like “Succession” and “Industry,” Netflix is moving to buy Warner Bros. Discovery’s studio and streaming assets —including HBO, HBO Max and the Warner Bros. film catalogue—in an acquisition being valued at $82.7 billion.
With the expected continued slide of Warner Bros. Discovery’s linear TV business, S&P Global Ratings has cut the media company’s credit rating to junk status. On Tuesday, S&P lowered its forecast for 2025 and ’26 for Warner Bros. Discovery, primarily ...