NEW DELHI: Netflix on Friday annnounced that it has acquired Warner Bros., including HBO and HBO Max, for an enterprise value of $82.7 billion. The cash and stock deal values Warner Bros. Discovery (WBD) at $27.75 per share and will take effect after the separation of WBD’s Global Networks division, Discovery Global, which is scheduled to be completed in the third quarter of 2026. The acquisition combines Netflix’s global streaming platform with Warner Bros.’ long-established film and television legacy, bringing titles such as The Big Bang Theory, The Sopranos, Game of Thrones, and the DC Universe into Netflix’s portfolio. “Our mission has always been to entertain the world,” said Ted Sarandos, co-CEO of Netflix. “By combining Warner Bros.’ incredible library of shows and movies—from

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