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Delta Air Lines+Northwest Airlines$17B1dACQ
Alora Healthcare Systems
Alora Healthcare Systems→LivTech$300B4dACQ
Warner Bros. Discovery
Warner Bros. Discovery→Paramount Skydance$60B5dACQ
Cursor
Cursor→SpaceX$60B7dACQ
Frontier Communications
Frontier Communications→Verizon$20B6dACQ
Organon & Co.
Organon & Co.→Sun Pharmaceutical Industries$12.5B2dMER
Ascend Federal Credit Union
Ascend Federal Credit Union+LGE Community Credit Union$7B1dMER
Paramount Skydance
Paramount Skydance+Warner Bros. Discovery$110B5dMER
Orient Securities
Orient Securities+Shanghai Securities$86B9dACQ
Norfolk Southern
Norfolk Southern→Union Pacific$85B5dACQ
Kenvue
Kenvue→Kimberly-Clark$48.7B9dSRS
Anthropic
Anthropic$40B2dSRS
Anthropic
Anthropic$40B3dSRS
Anthropic
Anthropic$40B4dACQ
ARC Resources Ltd.
ARC Resources Ltd.→Shell plc$22B1dMER
Delta Air Lines
Delta Air Lines+Northwest Airlines$17B1d
Home·Deals·Media and Entertainment·Netflix acquires Warner Bros. Discovery
Netflix acquires Warner Bros. Discovery (2026)
SEO URLwww.firestrike.ai/deals/warner-bros-discovery-netflix-acquisition-2026-6
acquisitionAnnounced · Feb 20, 2026Media and EntertainmentSource · MagazinesArticle · Expectations
Warner Bros. Discovery
Netflix
Warner Bros. Discovery · Netflix

Netflix acquires Warner Bros. Discovery

David Najork
David Najork · Founding Software Engineer
Published · Updated · 1 min read
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Deal value
$70B
Target
Warner Bros. Discovery
Warner Bros. Discovery
NASDAQ: WBD · New York City, New York
Acquirer
Netflix
Netflix
Full Acquisition
Status
Speculated

Netflix agreed to acquire Warner Bros. Discovery. Reported deal value: $70B. Status: Speculated. Sector: Media and Entertainment. Target headquarters context: New York City, New York, United States.

This page summarizes publicly available information about the transaction as of 2026-02-20. Figures and status may change as filings and press coverage update.

Warner Bros . Discovery Acquisition : Netflix , Paramount - Skydance and the Future of Streaming Consolidation

Deal timeline

Announced
Feb 20, 2026 · news.syr.edu
Additional milestones (proxy, vote, close) appear as filings and press updates are indexed.
Sector context

This transaction is classified in Media and Entertainment with a reported deal value of $70B. Figures and status may change as sources update.

Sources: news.syr.edu · Primary article · FireStrike proprietary index