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Mapping Warner Bros’ checkered M&A history

Financial Express Chandigarh

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December 06, 2025

Netflix has agreed to buy Warner Bros Discovery's TV and film studios and streaming division for $72 billion in a deal that could give it access to one of Hollywood's most valuable libraries. Here's a timeline from the founding of Time Inc and Warner Bros to the company's latest breakup and potential sale. Reuters

Netflix has agreed to buy Warner Bros Discovery's TV and film studios and streaming division for $72 billion in a deal that could give it access to one of Hollywood's most valuable libraries.

2025: The final hurdle

JUNE: Warner Bros Discovery announces it would separate into two units — one focusing on streaming and studios businesses, while the second will house its cable TV assets

OCTOBER: Warner Bros Discovery's board rejects a Paramount Skydance offer of nearly $60 billion, or $24 per share

NOVEMBER: Warner Bros Discovery gets preliminary buyout bids from Paramount Skydance, Comcast and Netflix who were asked to improve their offers

DECEMBER

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