The financing comes after Netflix earlier this month agreed to buy Warner Bros. for $72 billion. - Lucy Nicholson/ReutersNetflix is laying the foundation for its deal to buy Warner Bros. Discovery’s studios and HBO Max streaming service, securing up to $25 billion in bank financing to fund it. Rival suitor Paramount launched a hostile bid for all of Warner Discovery, trying to break up Netflix’s deal, though Warner formally rejected that approach earlier this month. Netflix’s new bank loans will leave it with an additional $34 billion in financing that the banks would sell as bonds. Both replace a portion of commitments under a bridge-financing agreement tied to the deal that Netflix previously disclosed.

Source: Wall Street Journal December 22, 2025 13:41 UTC