Who will close Warner Bros. acquisition?
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Venue details
Volume, depth, close times, and each venue's trading-fee metadata (same values we use in the comparison above). Hover a fee cell for the venue's full fee wording.
Contract rules
Raw venue wording can differ even when titles match. Kalshi often shows one representative contract when rules vary by outcome—open the venue for the full set.
Description
This market will resolve according to the first entity that acquires control of Warner Bros. Discovery's studios and streaming businesses by June 30, 2027, 11:59 PM ET. Transactions that involve only Warner Bros. Discovery's linear television networks, news channels, or other non-studio, non-streaming assets, without also transferring control of its studios and streaming businesses, will not qualify. Announcements of non-finalized arrangements — including, the currently announced Netflix agreement to acquire Warner Bros. Discovery’s studios and streaming businesses — will not qualify. If no entity acquires control of Warner Bros. Discovery's studios and streaming businesses by June 30, 2027, 11:59 PM ET, this market will resolve to "None by June 30 2027". Resolution will be based on by a consensus of reporting.
For Netflix
Description
If qualifying public announcements indicate Netflix's takeover of Warner Brothers has succeeded Before July 2027, then the market resolves to Yes.
Resolution
A takeover "succeeds" when BOTH of the following are publicly announced: (a) Corporate Approval—shareholders approved the acquisition OR the acquirer acquired controlling interest (>50% of voting shares); AND (b) Conditions Satisfaction—all material conditions including regulatory approvals have been satisfied or waived. Press releases, SEC filings (8-K, Schedule TO amendments), and official company announcements qualify. Letters of intent, agreements in principle, or conditional announcements do not satisfy the criteria. If one acquirer's takeover succeeds, all other acquirer markets immediately resolve to No. Resolution is based on the announcements, not the ultimate transaction outcome—if both criteria are announced but the deal later fails, the market still resolves to Yes. The "None" option resolves to Yes only if no takeover succeeds by the deadline.
