By skyforbes 
The two companies announced the blockbuster deal early Friday morning. The deal would give Netflix such beloved characters as Batman, Harry Potter and Fred Flintstone.
“Our mission has always been to entertain the world,” Ted Sarandos, co-CEO of Netflix, said in a statement. “By combining Warner Bros.’ incredible library of shows and movies — from timeless classics like ‘Casablanca’ and ‘Citizen Kane’ to modern favorites like ‘Harry Potter’ and ‘Friends’ — with our culture-defining titles like ‘Stranger Things,’ ‘KPop Demon Hunters’ and ‘Squid Game,’ we’ll be able to do that even better.”
Netflix’s cash and stock transaction is valued at about $27.75 per Warner Bros. Discovery shares. Netflix also agreed to take on more than $10 billion in Warner Bros. debt, pushing the deal’s value to $82.7 billion.
The breakthrough came late Thursday, soon after a deadline for deal sweeteners. Netflix, Paramount and Comcast had submitted bids earlier in the week as jockeying intensified for Hollywood’s biggest prize.