Latest Corporate News News

📅December 6, 2025 at 1:00 PM
Major corporate moves include Netflix’s $83B Warner Bros. acquisition, HNI’s Steelcase deal nearing a Dec. 10 close, and Heidrick & Struggles’ $1.3B merger, alongside a Cloudflare outage and EU fines on X.
1

Netflix to acquire Warner Bros. Discovery for $83 billion

Netflix has entered a definitive agreement to acquire Warner Bros., including HBO and HBO Max, in a deal valued at about $83 billion, reshaping the global entertainment landscape Source 1Source 8. The transaction follows a bidding contest with Paramount and aims to consolidate major film and TV assets under one streaming roof Source 1Source 8.

2

HNI Corporation’s acquisition of Steelcase nears December 10 closing

HNI and Steelcase shareholders have approved HNI’s proposed acquisition of Steelcase, with the transaction now expected to close on December 10, 2025, subject to customary closing conditions Source 2Source 6. The deal combines two major office furniture and workspace solutions providers into a single entity Source 2Source 6.

3

Steelcase shareholders approve merger but reject deal-related pay

Steelcase Inc. shareholders overwhelmingly approved the merger with HNI Corporation, but a non-binding advisory vote on transaction-related executive compensation failed Source 6. The failed pay vote does not block the deal but signals shareholder concern over executive payouts tied to the acquisition Source 6.

4

Heidrick & Struggles merger with Heron BidCo expected by December 10

Heidrick & Struggles shareholders have approved a merger with Heron BidCo, with the all-cash deal valued at about $1.3 billion expected to close around December 10, 2025 Source 4. The transaction, led by Advent International and Corvex Private Equity, will take Heidrick private after clearing key antitrust reviews in the U.S., Germany, and Australia Source 4.

5

EU fines Elon Musk’s X €120 million under Digital Services Act

The European Commission has imposed a €120 million fine on Elon Musk’s platform X for alleged violations of the Digital Services Act, marking the first penalty under the law Source 1. The fine is below the maximum 6% of global turnover, and two other probes into illegal content and algorithms remain ongoing Source 1.

6

Cloudflare outage disrupts major websites and services

A Cloudflare outage on Friday affected numerous sites including Zoom, Canva, Fortnite, League of Legends, and LinkedIn, highlighting systemic reliance on a few content delivery networks Source 1. Experts warn that such centralization creates single points of failure for large parts of the internet Source 1.

7

Euroclear criticizes EU plan to use frozen Russian assets for Ukraine

Euroclear, the main custodian of immobilized Russian assets, has called the EU’s proposal to channel those assets into a zero-interest credit line for Ukraine ‘fragile, unpredictable, and risky’ Source 1. The stance underscores legal and financial concerns ahead of a key EU summit on Ukraine funding Source 1.

8

Aya Healthcare terminates $615M Cross Country Healthcare deal

Aya Healthcare has walked away from its proposed $615 million merger with Cross Country Healthcare, citing failure to meet closing conditions Source 9. The termination ends a major consolidation attempt in the U.S. healthcare staffing sector Source 9.

9

Natera acquires Foresight Diagnostics in precision medicine push

Natera, Inc. has acquired Foresight Diagnostics, a leader in ultrasensitive molecular residual disease detection, expanding its cell-free DNA and precision medicine capabilities Source 7. Gibson Dunn advised Natera on the transaction, which closed in early December 2025 Source 7.

10

World Bank backs national health compacts to expand affordable care

The World Bank announced reforms aimed at expanding affordable primary care for 1.5 billion people by 2030, supporting job-rich growth and economic resilience Source 5. These national health compacts are being rolled out with partner countries to strengthen health systems and access Source 5.