After a lengthy bidding war with Paramount, Netflix has announced it has agreed to a deal to purchase Warner Bros. and many of its subsidiaries--including Warner Bros. Games, HBO, and HBO Max--for $82.7 billion dollars, with the deal scheduled to close in 2026.

The announcement comes just hours after Netflix announced its bid had been accepted by Warner Bros. Discovery. Notably, Discovery is not included in the deal, as it will be spun off into a new company, Discovery Global, which will include CNN, TNT, Bleacher Report, and more.

If the deal does close as scheduled, Netflix will acquire the following properties: