Streaming giant Netflix has emerged as the top bidder to acquire Warner Bros. Discovery’s studio and streaming assets, entering exclusive deal talks after reportedly submitting a $30 per-share offer and matching a $5 billion break-up fee.
The proposed acquisition would combine Netflix’s existing streaming infrastructure with Warner Bros.’ deep content library — including major film, TV and franchise rights — creating one of the most powerful media entities globally.
However, the deal is not yet finalized. U.S. regulatory scrutiny looms large: antitrust concerns have already been raised by lawmakers and industry stakeholders, who warn that the merger could drastically reduce competition in the entertainment sector.
If approved, the deal would mark a major shift in the streaming and content landscape — but with high stakes for competition, content diversity, and industry balance.