We are focused on advancing the Netflix merger to deliver its compelling value to you,” the WBD board said in a letter to shareholders. ADVERTISEMENTWBD has agreed to sell its studios and streaming assets to Netflix in a cash-and-stock deal valued at USD 27.75 per share. WBD, however, said it sees “no material difference in the level of regulatory risk” between a deal with Netflix and one with Paramount. But, the WBD board rejected this claim on Wednesday. The deal was unanimously approved by the boards of directors of both Netflix and Warner Bros.

Source: The Telegraph January 07, 2026 13:11 UTC