AcquisitionsMar 30, 2026, 01:45 AM
Netflix to Acquire Warner Bros. Discovery's Streaming & Studios Businesses in Merger Agreement
AI Summary
Netflix and Warner Bros. Discovery (WBD) have entered into a merger agreement where Netflix will acquire WBD's Streaming & Studios businesses. Prior to the merger, WBD will undergo a separation and distribution of its Global Linear Networks business. This acquisition significantly expands Netflix's content library and studio capabilities.
Key Highlights
- Netflix will acquire Warner Bros. Discovery's Streaming & Studios businesses.
- WBD will first separate and distribute its Global Linear Networks business.
- The boards of directors of both Netflix and WBD have unanimously approved the Merger Agreement.