Netflix issued the following: NETFLIX TO ACQUIRE WARNER BROS. FOLLOWING THE SEPARATION OF DISCOVERY GLOBAL FOR A TOTAL ENTERPRISE VALUE OF $82.7 BILLION (Equity Value of $72.0 Billion) Dec 05, 2025 Transaction Unites Warner Bros. Iconic Franchises and Storied Libraries with Netflixs Leading Entertainment Service, Creating an Extraordinary Offering for Consumers Netflix to Maintain Warner []
