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Netflix–WB merger agreement clauses highlight intense, expected antitrust risk

By Flavia Fortes ( December 5, 2025, 23:14 GMT | Comment) -- The merger agreement between Netflix and Warner Bros. for their proposed $82.7 billion deal has key provisions that point to the intense antitrust risk the companies expect to face, embedding unusually expansive regulatory-related clauses and signaling that both sides are bracing for a protracted and highly scrutinized review. The language reflects mounting concern that the deal’s scale and market impact will draw significant attention from competition authorities where clearance is needed — including the US, the UK and other parts of Europe, MLex has learned.The merger agreement between Netflix and Warner Bros. for their proposed $82.7 billion deal has key provisions that point to the intense antitrust risk the companies expect to face, embedding unusually expansive regulatory-related clauses and signaling that both sides are bracing for a protracted and highly scrutinized review....

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