Netflix /
WBD Streaming & Studios Business
Netflix to acquire WBD Streaming & Studios Business
Source for the buyer and target: Warner Bros. Discovery, Inc.
For the buyer and target.
“Also on November 12, 2025, term sheets for the documents relevant to the spin-off of the WBD Global Linear Networks Business and the acquisition of the WBD Streaming & Studios Business (the merger agreement, separation and distribution agreement, tax matters agreement, employee matters agreement and intellectual property matters agreement) were made available to Netflix and Company A via email.”
Published 17 Dec 2025
Open the sourceWhat happened
Warner Bros. Discovery, Inc. entered into the Netflix Merger Agreement for the WBD Streaming & Studios Business. The transaction remains subject to closing conditions, including consummation of the Separation and Distribution. [01]
Terms weren't disclosed. [01]
The source
Everything on this page comes from the source below, quoted word for word.
Netflix to acquire WBD Streaming & Studios Business
This document is the source for the companies, stage and people on this page.
Open the sourceTimeline
Every date the source states, in order, each with the words it comes from. Anything marked ahead is a target the source gives, not something that has happened.
The same firms, in other deals
The firms' deal history and connections across other deals.
These firms' full profiles are part of Pro.
Get ProAlready a member? Sign in
Pro is open to everyone.
By email · Weekly