Warner Bros Discovery Stock Soars on Netflix Takeover Talks – What the WBD–Netflix Deal Means for Investors (Dec. 5, 2025)
Warner Bros. Discovery has moved back to the center of the streaming wars. On December 5, 2025, multiple outlets reported that the company has entered exclusive negotiations with Netflix to sell its film and TV studios and HBO Max streaming service, in a potential deal reportedly valuing the assets at $70–75 billion, or roughly $28–30 per share, plus a hefty $5 billion break‑up fee if regulators block the transaction. Bloomberg+1
