US EditionNetflix Considers All-Cash Offer as Paramount Pursues Hostile $30 Bid for Warner Bros
Netflix aims to simplify its $72 billion deal by switching to all-cash, competing with Paramount’s $77.9 billion hostile bid amid ongoing legal and proxy battles.
- On Tuesday, Netflix discussed converting its deal for Warner Bros. Discovery studios and HBO Max into an all-cash offer, potentially reshaping the takeover battle with Paramount.
- Paramount says cash is king and has pushed a Jan. 21 tender deadline, touting a hostile $30-a-share all-cash offer and suing the WBD board in Delaware Chancery Court for documents.
- Initially, Netflix's proposal included cash and stock for Warner Bros. divisions, while Paramount's $108.4 billion bid was all cash, with Netflix offering $27.75 per share or $23.25 cash plus $4.50 in shares.
- The WBD board last week unanimously rejected Paramount's purchase offer and called the lawsuit meritless, while Paramount announced director nominations and plans for a proxy contest.
- Industry and political scrutiny accompanies a sale expected to take months, as Warner Bros. Discovery warns Paramount's debt-heavy $30-a-share offer remains inadequate amid Hollywood's streaming shift.
21 Articles
21 Articles
Report: Netflix Weighs All-Cash Offer for Warner as Paramount Presses Bid
Netflix is preparing to make its bid for Warner Bros. Discovery’s studios and HBO Max streaming business an all-cash offer, a move that could reshape a high-stakes takeover battle with Paramount, it was reported Tuesday. Netflix struck a $72 billion cash-and-stock deal with Warner in December, but shifting to an all-cash bid would simplify the transaction and could appeal to shareholders who have been weighing the competing offers, The Wall Stre…
Netflix Considers Shifting Deal For Warner Bros. To All Cash – Report
Netflix has discussed revising its cash-and-stock deal for the Warner Bros. studios and streaming assets to all cash, according to a Bloomberg report. The shift would come as Paramount continues to tout its hostile $30-a-share all-cash offer for Warner Bros. Discovery as superior to the deal the David Zaslav-led company inked with the giant streamer. […]
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