Warner Bros. Discovery - M&A Summary and Business Overview

MediaCompany

Warner Bros. Discovery M&A Summary

Warner Bros. Discovery has acquired 18 companies, including 2 in the last 5 years. A total of 2 acquisitions came from private equity firms. It has also divested 9 assets.

Warner Bros. Discovery’s largest acquisition to date was in 2017, when it acquired Scripps Networks Interactive for $14.6B. It’s largest disclosed sale occurred in 2014, when it sold HowStuffWorks to Avantax for $45M. Warner Bros. Discovery has acquired in 6 different US states, and 5 countries. The Company’s most targeted sectors include media (62%) and internet software and services (23%).

Warner Bros. Discovery Business Overview

Where is Warner Bros. Discovery headquartered?

Warner Bros. Discovery is headquartered in New York, New York.

What is Warner Bros. Discovery’s revenue?

Warner Bros. Discovery disclosed revenue of 41,321M USD for 2023 and 33,817M USD for 2022.

How many employees does Warner Bros. Discovery have?

Warner Bros. Discovery has 35,300 employees.

What sector is Warner Bros. Discovery in?

Warner Bros. Discovery is a media company.

When was Warner Bros. Discovery founded?

Warner Bros. Discovery was founded in 2008.

M&A Summary

  • M&A Total Activity27
    • M&A Buy Activity18
    • M&A Sell Activity9
  • Total Sectors Invested 5
  • Total Countries Invested 5
  • M&A Buy/Sell Connections 14
  • M&A Advisors 6

Warner Bros. Discovery, Inc.

Warner Bros. Discovery, Inc.

230 Park Avenue South,
New York, New York 10003
United States,
(212) 548-5555
www.wbd.com

Warner Bros. Discovery is a global media company that provides content across multiple distribution platforms, including pay-TV, free-to-air and broadcast television, websites, digital distribution arrangements and content licensing agreements. The Company's portfolio of networks includes television brands such as Discovery Channel, TLC, Animal Planet, Investigation Discovery, Science and Velocity (known as Turbo outside of the U.S.). Discovery also operates a diversified portfolio of production studios, websites and curriculum-based education products and services. Warner Bros. Discovery was formed in 2008 and is based in New York, New York.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.4/yr) # 16 - 1 - - 1 18
vol $17.2B $17.2B
Sell (0.4/yr) # 7 - - 1 - 1 9
vol $45M $45M
  27

Most Recent M&A

Company Date Value Type
Player First Games, Inc. 2024-07-22 - Add-on Acquisition
Los Angeles, California · www.playerfirstgames.com
All3Media Ltd. 2024-02-16 - Divestiture
London, United Kingdom · www.all3media.com
Joyn GmbH 2022-09-13 - Divestiture
Munich, Germany · www.joyn.de
WarnerMedia LLC 2021-12-22 - Divestiture
New York, New York · www.warnermedia.com
Discovery Education, Inc. 2018-02-26 - Divestiture
Charlotte, North Carolina · www.discoveryeducation.com
Scripps Networks Interactive, Inc. 2017-07-31 14.6B USD Add-on Acquisition
Knoxville, Tennessee · www.scrippsnetworks.com
Betty TV Ltd. 2017-05-03 - Divestiture
London, United Kingdom · www.betty.co.uk
Raw TV Ltd. 2017-05-03 - Divestiture
London, United Kingdom · www.raw.co.uk
All3Media Ltd. 2014-05-08 847M GBP Add-on Acquisition
London, United Kingdom · www.all3media.com
HowStuffWorks LLC 2014-04-21 45M USD Divestiture
Atlanta, Georgia · www.howstuffworks.com
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Scripps Networks Interactive, Inc. 2017-07-31 Spoon Media, Inc. 2019-11-20 1
Knoxville, Tennessee · www.scrippsnetworks.com New York, New York · www.spoonuniversity.com

M&A by Sector

Sector Buy # Value Sell # Value
Media 11 (61%) 17.0B (98%) 5 (56%) -
Internet Software and Services 4 (22%) 290M (2%) 2 (22%) 45M (100%)
Education 1 (6%) - 1 (11%) -
Information Technology 1 (6%) - 1 (11%) -
Gaming 1 (6%) - - -
Total 18 $17.2B 9 $45M

By Geo

State/Country Buy Value Sell Value
United States 9 14.9B 4 45M
  California 3 30M 1 -
  Georgia 2 250M 1 45M
  Maryland 1 20M 1 -
  New York 1 - - -
  Tennessee 1 14.6B - -
  North Carolina - - 1 -
United Kingdom 5 847M 4 -
  Connecticut 1 - 1 -
2 - - -
Germany - - 1 -
Italy 1 - - -
Norway 1 1.5B - -
Domestic 9 (50%) 14.9B (86%) 4 (44%) 45M (100%)
Cross-border 9 (50%) 2.3B (14%) 5 (56%) -
Total 18 $17.2B 9 $45M

Top M&A Advisors

Financial Deals
J.P. Morgan Securities
2
Goldman Sachs
1
Guggenheim Securities
1
Legal Deals
DLA Piper
3
Freshfields Bruckhaus Deringer
1
Debevoise & Plimpton
1

Deal Values

buy # Total
> $1B 2 $16.1B
$100M to $1B 2 $1.1B
< $100M 3 $60M
TOTAL $17.2B
Largest Scripps Networks Interactive, Inc.
$14.6B (2017-07-31)
sell # Total
< $100M 1 $45M
TOTAL $45M
Largest HowStuffWorks LLC
$45M (2014-04-21)

M&A Connections

Deals
Acquired from
Investor(s)
11%
2 (11%)
Strategic(s)
33%
6 (33%)
Divested to
Investor(s)
33%
3 (33%)
Strategic(s)
56%
5 (56%)

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