Netflix, Inc.

Money Moves

Signed acquirer of WBD’s studios and streaming division; rival bidder to Paramount

In late 2025, Warner Bros. Discovery (WBD) put itself in play, drawing bids from Netflix, Paramount Skydance, and Comcast in a rare open bidding war over a century-old Hollywood studio. On December 5, 2025, WBD's board took Netflix's $72 billion cash-and-stock offer for its studios and streaming arm (HBO, DC, and Warner Bros. film and TV operations), excluding CNN and the cable networks.

Updated 6 days ago

Money Moves

Acquirer; dominant global subscription streaming platform

On December 5, 2025, Netflix announced a definitive deal to acquire Warner Bros.' film and television studios and streaming businesses, including HBO and HBO Max, valued at $72 billion in equity and $82.7 billion including debt. On January 20, 2026, the parties amended to an all-cash structure at $27.75 per share, with a shareholder vote expected by April 2026.

Updated 6 days ago

Money Moves

Acquirer; largest global subscription streaming platform

After Netflix and Warner Bros. Discovery announced their $72 billion equity-value agreement on December 5, the transaction quickly became a live bidding contest and a regulatory test case. On December 8, Paramount Skydance launched an unsolicited all-cash tender offer at $30 per share to derail the Netflix deal and keep WBD intact, including networks slated for its Discovery Global spin-off. Within days, Netflix began a coordinated shareholder push backing its signed merger agreement and emphasizing regulatory execution, while WBD prepared formal filings to respond to the tender offer.

Updated 7 days ago

New Capabilities

Successfully broadcast Skyscraper Live despite streaming issues and widespread commentary criticism; viewership figures pending

Alex Honnold completed the first ropeless ascent of Taipei 101 on January 25, 2026, summiting all 1,667 feet in 1 hour, 31 minutes, and 40 seconds. The climb—broadcast live on Netflix to a global audience—represents the highest urban free solo in history. After two weather postponements, Honnold navigated glass, steel, and concrete surfaces far smoother than the rock walls he typically climbs, battling increasing wind as he ascended. Cheers erupted from street-level crowds as he reached the spire. His immediate reaction upon summiting: "Sick."

Updated Jan 26