Netflix to buy Warner Bros. for $82.7 billion

Shortly after rumors of a deal between the two media giants broke, Netflix has announced it is buying Warner Bros., HBO and HBO Max for approximately $82.7 billion. If approved, the deal will take place after Warner Bros. has disentangled itself from both its legacy cable and Discovery assets as part of the already-announced de-merger. That’s likely to take place in the third quarter of 2026, with this new tie-up taking place at some point after that.

In a statement, Netflix said it expects to “maintain”…