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Netflix on the Verge of Warner Bros Acquisition: $5 Billion Break-Claw to Secure Megadeal
ByAinvest
Friday, Dec 5, 2025 12:58 am ET1min read
Netflix is reportedly in exclusive talks with Warner Bros. Discovery to acquire its film and TV studios, HBO, and HBO Max streaming service. A deal could be announced within days, pending regulatory approval. Netflix has offered a $5 billion break fee if the deal falls through. A successful acquisition would reshape the entertainment industry, combining the world's largest streaming company with one of the oldest and most prestigious Hollywood studios.
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