Netflix Considered Acquiring Electronic Arts

Key Takeaways

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Netflix initially considered acquiring Electronic Arts before finalizing the Warner Bros. Discovery deal, but concerns about investor reactions and disagreements on valuations may have influenced their decision.
The acquisition of Electronic Arts by a Saudi fund could lead to Warner Bros. content becoming available on Netflix if both acquisitions proceed.
Regulatory processes for the acquisitions of Electronic Arts and Warner Bros. are ongoing.
There were rumors suggesting Netflix also considered bidding for Disney, but specific timelines remain unclear.

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Netflix Pondered Over Acquiring Electronic Arts Before Warner Bros. Deal

In late 2025, a flurry of potential acquisitions has dominated industry conversation, including Ubisoft’s partnership with Tencent to launch a new subsidiary, Electronic Arts’ acquisition by a group of private investors, and Netflix’s announced intent to purchase Warner Bros. Netflix’s $82 billion acquisition of Warner Bros. has drawn considerable attention. The deal even prompted a reaction from Donald Trump. However, speculation also arose around Netflix’s potential interest in acquiring Electronic Arts; some reports indicated Netflix considered this option before finalizing the Warner Bros. Discovery deal. Rumors further suggested a possible Netflix bid for Disney, although specific timelines for these considerations remain unclear. According to Bloomberg, Netflix executives were concerned that expressing interest in acquiring Disney, Fox, and Electronic Arts could negatively impact their investors. The executives also disagreed on the proposed valuations for those companies. Because Disney acquired Fox in 2019, this implies Netflix considered disrupting that deal. Before acquiring Warner Bros., Netflix co-CEO Greg Peters expressed reservations about large media mergers. Separately, Paramount made an unsolicited offer to acquire Warner Bros.

Acquisition of Electronic Arts by Saudi Fund Could Make Warner Bros. Stream on Netflix

The acquisitions of Electronic Arts and Warner Bros. are still subject to lengthy regulatory processes. If the acquisitions proceed, the majority of Electronic Arts would be owned by a Saudi investment fund, while the producers of Mortal Kombat and Hogwarts Legacy would become part of the world’s largest streaming service.

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