U.S. COMPANY FILING
Warner Bros. Discovery, Inc. — Form 8-K filed 2025-11-13
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Warner Bros. Discovery announced on November 7, 2025 that its Board initiated a strategic review of alternatives to maximize shareholder value, following unsolicited interest from multiple parties. The review will evaluate options including a whole-company transaction or separate transactions for Warner Bros. and Discovery Global. In connection, the company amended CEO David Zaslav's employment and option agreements to clarify terms under a reverse spinoff or qualifying change-in-control agreement, aligning incentives with the strategic review. Similar clarifications were sent to other executives.
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