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Warner Bros. Discovery · Form 425

From the public record

Filed
Form425
FiledDec 5
CompanyWarner Bros. Discovery

The record

Company
Warner Bros. Discovery (CIK 1437107)
Form
425
Accession
0001193125-25-309879
Filed
Dec 5, 2025
Period of report
Not given
Open the source ↗
New to this? Learn it in 3 minMergers, acquisitions and tender offers

The deal

Completed

93 filings, from Dec 5, 2025 to Oct 6, 2026.

  1. Dec 5, 2025

    Material agreement, Officers, directors or their pay8-K

    Item 1.01: the company reports a material agreement. The item doesn't say what the agreement is.

    SEC EDGAR ↗
  2. Dec 5, 2025 – Jan 16, 2026
    Merger communication42531 filingsHolds this filing
    1. Dec 5, 2025425Merger communicationStorySEC EDGAR ↗
    2. Dec 5, 2025425Merger communicationStorySEC EDGAR ↗
    3. Dec 5, 2025425Merger communicationThis filingSEC EDGAR ↗
    4. Dec 5, 2025425Merger communicationStorySEC EDGAR ↗
    5. Dec 8, 2025425Merger communicationStorySEC EDGAR ↗
    6. Dec 8, 2025425Merger communicationStorySEC EDGAR ↗
    7. Dec 8, 2025425Merger communicationStorySEC EDGAR ↗
    8. Dec 8, 2025425Merger communicationStorySEC EDGAR ↗
    9. Dec 8, 2025425Merger communicationStorySEC EDGAR ↗
    10. Dec 8, 2025425Merger communicationStorySEC EDGAR ↗
    11. Dec 8, 2025425Merger communicationStorySEC EDGAR ↗
    12. Dec 8, 2025425Merger communicationStorySEC EDGAR ↗
    13. Dec 9, 2025425Merger communicationStorySEC EDGAR ↗
    14. Dec 15, 2025425Merger communicationStorySEC EDGAR ↗
    15. Dec 17, 2025425Merger communicationStorySEC EDGAR ↗
    16. Dec 17, 2025425Merger communicationStorySEC EDGAR ↗
    17. Dec 17, 2025425Merger communicationStorySEC EDGAR ↗
    18. Dec 17, 2025425Merger communicationStorySEC EDGAR ↗
    19. Dec 17, 2025425Merger communicationStorySEC EDGAR ↗
    20. Dec 17, 2025425Merger communicationStorySEC EDGAR ↗
    21. Dec 17, 2025425Merger communicationStorySEC EDGAR ↗
    22. Dec 19, 2025425Merger communicationStorySEC EDGAR ↗
    23. Dec 22, 2025425Merger communicationStorySEC EDGAR ↗
    24. Dec 23, 2025425Merger communicationStorySEC EDGAR ↗
    25. Jan 6, 2026425Merger communicationStorySEC EDGAR ↗
    26. Jan 7, 2026425Merger communicationStorySEC EDGAR ↗
    27. Jan 7, 2026425Merger communicationStorySEC EDGAR ↗
    28. Jan 7, 2026425Merger communicationStorySEC EDGAR ↗
    29. Jan 7, 2026425Merger communicationStorySEC EDGAR ↗
    30. Jan 15, 2026425Merger communicationStorySEC EDGAR ↗
    31. Jan 16, 2026425Merger communicationStorySEC EDGAR ↗

    A communication about the deal to shareholders or the public, filed under SEC rule 425.

  3. Dec 8, 2025 – Feb 27, 2026
    Tender offerSC TO-T28 filings
    1. Dec 8, 2025SC TO-TTender offerStorySEC EDGAR ↗
    2. Dec 8, 2025SC TO-T/ATender offer, amendedSEC EDGAR ↗
    3. Dec 10, 2025SC TO-T/ATender offer, amendedSEC EDGAR ↗
    4. Dec 11, 2025SC TO-T/ATender offer, amendedSEC EDGAR ↗
    5. Dec 15, 2025SC TO-T/ATender offer, amendedSEC EDGAR ↗
    6. Dec 17, 2025SC TO-T/ATender offer, amendedSEC EDGAR ↗
    7. Dec 19, 2025SC TO-T/ATender offer, amendedSEC EDGAR ↗
    8. Dec 22, 2025SC TO-T/ATender offer, amendedSEC EDGAR ↗
    9. Dec 22, 2025SC TO-T/ATender offer, amendedSEC EDGAR ↗
    10. Dec 22, 2025SC TO-T/ATender offer, amendedSEC EDGAR ↗
    11. Dec 23, 2025SC TO-T/ATender offer, amendedSEC EDGAR ↗
    12. Jan 8, 2026SC TO-T/ATender offer, amendedSEC EDGAR ↗
    13. Jan 9, 2026SC TO-T/ATender offer, amendedSEC EDGAR ↗
    14. Jan 9, 2026SC TO-T/ATender offer, amendedSEC EDGAR ↗
    15. Jan 12, 2026SC TO-T/ATender offer, amendedSEC EDGAR ↗
    16. Jan 20, 2026SC TO-T/ATender offer, amendedSEC EDGAR ↗
    17. Jan 20, 2026SC TO-T/ATender offer, amendedSEC EDGAR ↗
    18. Jan 22, 2026SC TO-T/ATender offer, amendedSEC EDGAR ↗
    19. Jan 26, 2026SC TO-T/ATender offer, amendedSEC EDGAR ↗
    20. Feb 10, 2026SC TO-T/ATender offer, amendedSEC EDGAR ↗
    21. Feb 10, 2026SC TO-T/ATender offer, amendedSEC EDGAR ↗
    22. Feb 17, 2026SC TO-T/ATender offer, amendedSEC EDGAR ↗
    23. Feb 19, 2026SC TO-T/ATender offer, amendedSEC EDGAR ↗
    24. Feb 24, 2026SC TO-T/ATender offer, amendedSEC EDGAR ↗
    25. Feb 25, 2026SC TO-T/ATender offer, amendedSEC EDGAR ↗
    26. Feb 25, 2026SC TO-T/ATender offer, amendedSEC EDGAR ↗
    27. Feb 27, 2026SC TO-T/ATender offer, amendedSEC EDGAR ↗
    28. Feb 27, 2026SC TO-T/ATender offer, amendedSEC EDGAR ↗

    A tender offer: an offer made directly to shareholders to buy their shares.

  4. Dec 17, 2025 – Feb 26, 2026
    Response to a tender offerSC 14D912 filings
    1. Dec 17, 2025SC 14D9Response to a tender offerSEC EDGAR ↗
    2. Dec 17, 2025SC 14D9/AResponse to a tender offer, amendedSEC EDGAR ↗
    3. Dec 23, 2025SC 14D9/AResponse to a tender offer, amendedSEC EDGAR ↗
    4. Jan 7, 2026SC 14D9/AResponse to a tender offer, amendedSEC EDGAR ↗
    5. Jan 7, 2026SC 14D9/AResponse to a tender offer, amendedSEC EDGAR ↗
    6. Jan 20, 2026SC 14D9/AResponse to a tender offer, amendedSEC EDGAR ↗
    7. Feb 10, 2026SC 14D9/AResponse to a tender offer, amendedSEC EDGAR ↗
    8. Feb 17, 2026SC 14D9/AResponse to a tender offer, amendedSEC EDGAR ↗
    9. Feb 17, 2026SC 14D9/AResponse to a tender offer, amendedSEC EDGAR ↗
    10. Feb 24, 2026SC 14D9/AResponse to a tender offer, amendedSEC EDGAR ↗
    11. Feb 25, 2026SC 14D9/AResponse to a tender offer, amendedSEC EDGAR ↗
    12. Feb 26, 2026SC 14D9/AResponse to a tender offer, amendedSEC EDGAR ↗

    The target company's response to a tender offer.

  5. Jan 20, 2026

    Material agreement, Reg FD disclosure8-K

    Item 1.01: the company reports a material agreement. The item doesn't say what the agreement is.

    SEC EDGAR ↗
  6. Jan 20, 2026 – Mar 16, 2026
    Merger proxy statement, preliminaryPREM14A2 filings
    1. Jan 20, 2026PREM14AMerger proxy statement, preliminarySEC EDGAR ↗
    2. Mar 16, 2026PREM14AMerger proxy statement, preliminarySEC EDGAR ↗

    The merger proxy statement, the document shareholders vote on. Preliminary and revised versions come before the final one.

  7. Jan 20, 2026 – Apr 16, 2026
    Additional proxy materialDEFA14A11 filings
    1. Jan 20, 2026DEFA14AAdditional proxy materialSEC EDGAR ↗
    2. Feb 4, 2026DEFA14AAdditional proxy materialSEC EDGAR ↗
    3. Feb 10, 2026DEFA14AAdditional proxy materialSEC EDGAR ↗
    4. Feb 17, 2026DEFA14AAdditional proxy materialSEC EDGAR ↗
    5. Feb 17, 2026DEFA14AAdditional proxy materialSEC EDGAR ↗
    6. Feb 24, 2026DEFA14AAdditional proxy materialSEC EDGAR ↗
    7. Feb 25, 2026DEFA14AAdditional proxy materialSEC EDGAR ↗
    8. Feb 26, 2026DEFA14AAdditional proxy materialSEC EDGAR ↗
    9. Mar 2, 2026DEFA14AAdditional proxy materialSEC EDGAR ↗
    10. Mar 26, 2026DEFA14AAdditional proxy materialSEC EDGAR ↗
    11. Apr 16, 2026DEFA14AAdditional proxy materialSEC EDGAR ↗

    Additional material sent to shareholders with the proxy.

  8. Feb 2, 2026 – Feb 9, 2026
    Merger proxy statement, revised preliminaryPRER14A2 filings
    1. Feb 2, 2026PRER14AMerger proxy statement, revised preliminarySEC EDGAR ↗
    2. Feb 9, 2026PRER14AMerger proxy statement, revised preliminarySEC EDGAR ↗

    The merger proxy statement, the document shareholders vote on. Preliminary and revised versions come before the final one.

  9. Feb 17, 2026 – Mar 26, 2026
    Merger proxy statementDEFM14A2 filings
    1. Feb 17, 2026DEFM14AMerger proxy statementStorySEC EDGAR ↗
    2. Mar 26, 2026DEFM14AMerger proxy statementStorySEC EDGAR ↗

    The merger proxy statement, the document shareholders vote on. Preliminary and revised versions come before the final one.

  10. Feb 27, 2026

    Material agreement, Agreement ended, Reg FD disclosure, Other events8-K

    Item 1.01: the company reports a material agreement. The item doesn't say what the agreement is.

    SEC EDGAR ↗
  11. Apr 23, 2026

    Shareholder vote8-K

    Item 5.07: the results of a shareholder vote.

    SEC EDGAR ↗
  12. Oct 6, 2026

    Material agreement, Agreement ended, Acquisition or sale of assets, New financial obligation, Delisting or listing change, Change to security holders' rights, Change in control, Officers, directors or their pay, Charter, bylaws or fiscal year change, Other events8-K

    Item 2.01: the company reports an acquisition or a sale of assets. The 8-K's own text says the transaction was completed.

    SEC EDGAR ↗

An 8-K reports an acquisition or a sale of assets (item 2.01) and its own text says the transaction was completed. It closes this deal: a later filing starts another.

The whole deal →

About Warner Bros. Discovery

Warner Bros. Discovery page →
Revenue$37.3 billionYear to Dec 31, 2025 · −5.15% year over year
Operating income$738 millionYear to Dec 31, 2025 · +107.36% year over year
Net income$727 millionYear to Dec 31, 2025 · +106.43% year over year

Source: SEC EDGAR XBRL financial data · filed Aug 6, 2026

Open roles
No public hiring feed we can read
Layoffs, 12 months
No WARN notices in the US states we read

Sources

  1. SEC EDGAR, Form 425 filed Dec 5, 2025
  2. How we collect our data
Warner Bros. Discovery

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