Three years after the merger, Warner Bros. Discovery is once again up for sale, and Netflix plans to buy out the company's content production divisions for television, film, and games. The potential acquisition would include Warner Bros. Television, film production, DC Studios, HBO, and the popular WB Games gaming IP, known for hits such as Hogwarts Legacy and Mortal Kombat.
According to Reuters, Netflix has hired investment bank Moelis & Co to evaluate the deal and explore the terms of the purchase. At the same time, Warner Bros. Discovery's studio and gaming business may not be fully integrated into the Netflix platform due to a slower and more casual approach to video games.
Neither Netflix nor Warner Bros. Discovery have commented on the rumors yet. The parties are limited to silence, and the details of the deal remain unknown.