Company: WBD
Filing Date: 2025-12-05
Form Type: 425
Source: 0001193125-25-309939
Chunk: 146

Company: Warner Bros. Discovery, Inc.
Filing Date: 2025-12-05
Form: 425
Chunk 146
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 to a Party, any data or information
in any media that can reasonably be used to identify a particular individual or device, including any data or other information that constitutes “personal information,” “personal identifying information” or analogous term
under any applicable Law.

“” means the Retained Entities (after giving effect to the
Separation).

“” means any action, cause of action, claim, charge, demand, litigation, suit, investigation,
grievance, citation, summons, subpoena, inquiry, audit, hearing, originating application to a tribunal, arbitration or other similar proceeding of any nature, civil, criminal, regulatory, administrative or otherwise, whether in equity or at law, in
contract, in tort or otherwise.

“” means the joint proxy statement/prospectus to be filed with the SEC
as part of the Registration Statement.

“” means issued by, registered with, or the subject of a pending
application for issuance or registration before, any Governmental Entity.

“” means Company Owned
IP that is Registered.

“” means, with respect to any Person, any director, officer, principal, partner,
manager, member (if such Person is a member-managed limited liability company or similar entity), employee, consultant, investment banker, financial advisor, legal counsel,
attorneys-in-fact, accountant or other advisor, agent or other representative of such person, in each case acting in their capacity as such.

“” means the registration statement on Form S-4 to be filed
by Buyer with the SEC to effect the registration under the Securities Act of the issuance of the shares of Buyer Common Stock pursuant to the Merger, as such registration statement may be amended or supplemented from time to time.

“” has the meaning given to such term in the Separation and Distribution Agreement.

“” means the Company Assets (as defined in the Separation and Distribution Agreement).

“” means the Company Business (as defined in the Separation and Distribution Agreement).

“” means the Company and each of its Subsidiaries (other than any member, or contemplated member, of the
Spinco Group).

“” has the same meaning as Company Group Employee as set forth in the Employee
Matters Agreement.

Annex A-14

“” means each “employee benefit plan” (as
defined in Section 3(3) of ERISA) and each other bonus, commission, stock option, stock appreciation right, restricted stock, restricted stock unit, performance stock unit, stock purchase or other
equ