Netflix’s $82.7 billion Warner Bros. takeover
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As Netflix and Paramount fight for Warner Bros. Discovery, the fate of the giant media company could rest on the value of its cable networks.
The value of the Warner Bros. cable channels slated to be spun off may be sufficient to bridge the gap between bids
According to Netflix's official press release on Dec. 5, Warner Bros. will separate its Discovery and other traditional cable assets into a new, publicly traded company called Discovery Global. The separation is set to complete in Q3 2026, prior to the closing of the Warner Bros. Streaming acquisition, per NPR's reporting.
Ted Sarandos promised that the television studio will continue its business of selling shows such as Ted Lasso to Apple and The Bachelor to ABC.