Updated Today, Dec 5, 2025, 10:02 PM UTC
After a bidding war that reportedly also involved Paramount, Comcast, Amazon, and Apple, on December 5th, Netflix struck a deal to buy Warner Bros. for $82.7 billion, buying the studio, HBO / HBO Max, Warner Games, and more, while leaving cable and sports assets, including CNN, TNT Sports, and the Discovery channels out.
There are already questions and comments coming from politicians and regulators about the proposed acquisition, and you can follow along below for all of the latest updates as they come in.
Warner Bros. has an infamous history of being bought by other companies and then quickly ending up back on
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