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Shares of Netflix fell 4.26% this Friday after the Wall Street opening, in reaction to the streaming giant's announcement that it had reached an agreement to acquire Warner Bros. Discovery (WBD), including its film and television studios, as well as HBO and HBO Max, for $82.7 billion.
Meanwhile, WBD shares rose 3.34%.
Netflix's final offer was $27.75 per WBD share, compared to the $24 proposed by Paramount, which, along with Comcast, was one of the three interested parties in the acquisition of Warner Bros. Discovery.
The transaction is expected to close following the announced separation of Discovery Global, the company focused on television, which will include CNN, TNT Sports, Discovery+, and free-to-air channels in Europe. This operation is expected to be completed in the third quarter of 2026.
[Publicidad]