On the Record · Warner Bros Discovery
Warner Bros Discovery acquisitions, on the record
The businesses Warner Bros Discovery bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
WarnerMedia Business of AT&T Inc.Word for word“Discovery transferred purchase consideration of $42.4 billion in equity to AT&T shareholders in the Merger.” 10-K for 2023 | merger | — | Discovery transferred purchase consideration of $42.4 billion in equity to AT&T shareholders in the Merger. |
Formula E minority interestsWord for word“In October 2024, we sold our minority interests in Formula E, which were recorded as an equity method investment and an investment without readily determinable fair value, to Liberty Global, a related party, for total proceeds of $217 million.” 10-K for 2024 | divestiture | In October 2024 | $217 million |
Discovery Holding CompanyWord for word“To facilitate the implementation of this new structure and the movement of entities and assets to align with the new operating divisions, on January 1, 2025, the Company completed certain transactions, including (1) a merger of Discovery Holding Company with and into a newly formed subsidiary of WarnerMedia Holdings, Inc. (the “DHC Merger”) and (2) a merger of a second newly formed subsidiary of WarnerMedia Holdings, Inc. with and into Scripps Networks Interactive, Inc. (the “Scripps Merger”).” 10-K for 2024 | merger | on January 1, 2025 | — |
Scripps Networks Interactive, Inc.Word for word“To facilitate the implementation of this new structure and the movement of entities and assets to align with the new operating divisions, on January 1, 2025, the Company completed certain transactions, including (1) a merger of Discovery Holding Company with and into a newly formed subsidiary of WarnerMedia Holdings, Inc. (the “DHC Merger”) and (2) a merger of a second newly formed subsidiary of WarnerMedia Holdings, Inc. with and into Scripps Networks Interactive, Inc. (the “Scripps Merger”).” 10-K for 2024 | merger | on January 1, 2025 | — |
70% interest in music catalog (joint venture with Cutting Edge Group)Word for word“• Investments In January 2025, we contributed a 70% interest in our music catalog to a joint venture with Cutting Edge Group in exchange for net proceeds of $601 million.” 10-K for 2025 | divestiture | January 2025 | $601 million |
| Fiscal year ended | Cash paid for acquisitions (net of cash acquired) | Goodwill from acquisitions |
|---|---|---|
| 2016-12-31 | $0 | — |
| 2017-12-31 | $60 million | $218 million |
| 2018-12-31 | $8.56 billion | $6.12 billion |
| 2019-12-31 | $73 million | $194 million |
| 2020-12-31 | $39 million | $25 million |
| 2021-12-31 | $2 million | — |
| 2022-12-31 | −$3.61 billion | $21.75 billion |
| 2023-12-31 | $50 million | $348 million |
| 2024-12-31 | $0 | — |
| 2025-12-31 | $0 | — |
Deal filings since 2016
- 2026-10-06 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2026-10-06 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2026-06-04 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2026-05-27 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2026-02-27 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2026-02-18 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2026-01-20 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2025-12-05 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2025-06-26 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2025-06-16 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2024-10-09 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2024-05-17 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2023-03-10 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2022-04-12 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2022-04-12 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2021-06-10 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2021-05-20 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2020-09-21 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2020-05-18 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2020-05-06 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2018-04-04 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2018-03-06 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2017-09-21 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-08-14 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-08-07 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2017-07-31 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-03-13 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2016-03-11 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2016-02-05 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
Read from Warner Bros Discovery’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-02-27. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.