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for sale and rental listings, July 24 to June 2025. Here's your morning TNB Tech Minute for Friday,

December 5th. I'm Julie Chang for the Wall Street Journal.

Netflix has agreed to buy Warner Brothers for $72 billion after the entertainment company splits its studios and HBO Max streaming business from its cable networks. The cash and stock

transaction was announced today after the two sides entered into exclusive negotiations.

Netflix said the deal would help it attract and retain more subscribers, giving it Warner's vast TV and movie libraries, as well as

HBO and HBO Max shows. Netflix's CEO said HBO and its streaming service, HBO Max,

will continue to operate as a standalone. The deal is Netflix's largest ever, and is one of

the biggest transactions announced so far this year as mergers and acquisitions activity pick

back up under the Trump administration. The company said they expect the deal to close in 12 to 18 months.

Meta Platforms is planning cuts to its Metaverse division. The proposed changes are part of the

company's annual budget planning for next year, and it'll shift spending from the Metaverse to

artificial intelligence wearables. That's according to a person familiar with the matter.

CEO Mark Zuckerberg changed the company name from Facebook to Met in 2021 to focus on the Metaverse,

but a source says the immersive tech hasn't gained traction. Its Reality Labs division,

...