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Netflix to buy Warner Bros Discovery in 82.7 billion dollar deal

Netflix announced a deal to acquire Warner Bros Discovery’s film studio and streaming business for 82.7 billion dollars. The transaction combines cash and stock and is expected to close in the third quarter of 2026 after Warner completes a cable unit spin-off. The acquisition strengthens Netflix’s leverage with theatres, creators and unions, and follows intense bidding against major media groups. The move also triggers concern over market dominance and pressure on cinema operators.