Amazon to Acquire MGM for $8.45 Billion

Netflix to Acquire Warner Bros. (Studio and Streaming Businesses) in $82.7B Deal

December 5, 2025

Media & Entertainment

Netflix announced plans to acquire Warner Bros. in a transformative $82.7 billion enterprise value deal ($72 billion equity value). The transaction follows Warner Bros. Discovery’s separation of its Global Networks division (“Discovery Global”), which is expected to be completed in Q3 2026, and Netflix’s acquisition is expected to close 12–18 months after that separation and required regulatory approvals.

Microsoft to Acquire ZeniMax Media (Bethesda Softworks)

September 21, 2020

Media & Entertainment

Microsoft announced plans to acquire ZeniMax Media, the parent company of Bethesda Softworks, for $7.5 billion in cash. The deal brings an extensive portfolio of game franchises and multiple development studios (over 2,300 employees across the group) into Microsoft’s Xbox business and will add Bethesda’s future games to Xbox Game Pass.

Amazon.com, Inc. Acquires Wondery

January 1, 2021

Media & Entertainment

Amazon.com, Inc. has acquired podcast studio Wondery in a deal reported to be valued at approximately $300 million. Wondery founder Hernan Lopez will step down after closing and COO Jen Sargent will lead the company as Amazon integrates the studio to expand its podcast and audio content capabilities.

Amazon to Acquire iRobot for $1.7 Billion in Cash

August 5, 2022

Consumer Products

Amazon has entered into a definitive merger agreement to acquire iRobot for $61 per share in an all-cash deal valued at about $1.7 billion, including iRobot’s net debt. The transaction is subject to customary closing conditions, including iRobot shareholder approval and regulatory approvals, and iRobot CEO Colin Angle is expected to remain in role post-closing.

Microsoft to Acquire Activision Blizzard for $68.7 Billion

January 18, 2022

Media & Entertainment

Microsoft Corporation announced plans to acquire Activision Blizzard, Inc. in an all-cash transaction valued at $68.7 billion (at $95.00 per share). The deal, which will bring Activision Blizzard’s franchises and nearly 10,000 employees into Microsoft Gaming, is intended to accelerate growth across mobile, PC, console and cloud gaming and bolster Microsoft’s Game Pass offering.

Fox Corporation Acquires Tubi

March 17, 2020

Media & Entertainment

Fox Corporation agreed to acquire Tubi, a leading free ad-supported streaming service, for approximately $440 million in net cash consideration. The deal expands Fox’s direct-to-consumer footprint and digital advertising capabilities while Tubi will continue to operate as an independent service under Fox.