Business
WBD Files Definitive Proxy Statement and Schedules Special Meeting for March 20, 2026, to Approve the WBD-Netflix Transaction
Netflix, Inc. today issued the following statement regarding its fully financed definitive agreement with Warner Bros. Discovery, Inc. (WBD) to acquire Warner Bros., including its film and television studios, HBO Max and HBO:
About this update from Warner Bros. Discovery, Inc. - Series A
[{"type":"text","content":"The WBD-Netflix Transaction Delivers Incredible Value and Certainty to WBD Stockholders with Clear Path to Timely Regulatory Approval","length":133,"tagName":"p","attribs":{}},{"type":"text","content":"Netflix is the Superior Deal and the Only Deal Before WBD Stockholders ","length":70,"tagName":"p","attribs":{}},{"type":"text","content":"Together WBD and Netflix will Protect U.S. Jobs, Bring Great Value to Consumers and Assure Growth of the Broader Entertainment Industry","length":135,"tagName":"p","attribs":{}},{"type":"text","content":"A PSKY transaction does not have an easier or faster path to regulatory approval and PSKY's financing challenges and rapid deleveraging plans pose tremendous risk to the entertainment industry","length":196,"tagName":"p","attribs":{}},{"type":"text","content":"HOLLYWOOD, Calif., Feb. 17, 2026 /PRNewswire/ -- Netflix, Inc. today issued the following statement regarding its fully financed definitive agreement with Warner Bros. Discovery, Inc. (WBD) to acquire Warner Bros., including its film and television studios, HBO Max and HBO:","length":274,"tagName":"p"},{"type":"image","alt":"Netflix, Inc. Logo. ","displaySize":"","headline":null,"caption":"Netflix, Inc. Logo. ","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":107,"url":"https://media.zenfs.com/en/prnewswire.com/40612e7314a98c762f1bfeff2e3ca0b7"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/PHa_PWwLpJKcGAAGqSx2cA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTE4OTtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/40612e7314a98c762f1bfeff2e3ca0b7","width":400,"height":107}}},{"type":"text","content":"Today marks another important milestone for our transaction with WBD. WBD has filed and commenced the mailing of its definitive proxy statement for the special meeting to be held on March 20, 2026, to approve our Board-recommended transaction and superior offer.","length":262,"tagName":"p","attribs":{}},{"type":"text","content":"Throughout the robust and highly competitive strategic review process, Netflix has consistently taken a constructive, responsive approach with WBD, in stark contrast to Paramount Skydance (PSKY). While we are confident that our transaction provides superior value and certainty, we recognize the ongoing distraction for WBD stockholders and the broader entertainment industry cause...