AcquisitionsMar 30, 2026, 01:46 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. WBD will first undergo an internal reorganization, separating its Global Linear Networks business, before merging its remaining Streaming & Studios assets into a wholly-owned subsidiary of Netflix, making WBD a subsidiary of Netflix.
Key Highlights
- Netflix and WBD have unanimously approved the Merger Agreement.
- Prior to the merger, WBD will separate its Global Linear Networks business into a new subsidiary (SpinCo).
- WBD stockholders will become stockholders of Newco after the Holdco Merger.