US EditionNetflix submits amended all-cash offer for Warner Bros, wins board support
Netflix's all-cash $82.7 billion offer removes stock volatility, aiming for faster shareholder approval and to counter Paramount Skydance's $108.4 billion hostile bid.
- On January 20, Netflix submitted an amended all-cash offer for Warner Bros. Discovery and won unanimous WBD board approval, keeping the transaction's enterprise value at $82.7 billion.
- To remove stock-price variability, Netflix shifted the prior cash-and-stock deal to all-cash, matching Paramount Skydance's 100% cash offer and speeding a WBD stockholder vote by April 2026.
- Netflix said it will fund the deal with cash on hand, credit facilities and committed financing, and the revised pact keeps breakup fees at $2.8 billion and $5.8 billion.
- WBD filed a preliminary proxy to enable a shareholder vote by April 2026 and disclosed Discovery Global valuations, while Netflix shares have fallen almost 15% since Dec 5, closing at $88 on Friday.
- Paramount Skydance is pursuing a hostile $30-per-share bid, has sued WBD, and plans a proxy fight amid ongoing regulatory review, with a combined company debt of 85 billion.
161 Articles
161 Articles
Netflix Makes All-Cash Offer for Warner Bros. Discovery
Netflix Tuesday officially made its $83 billion 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. Netflix’s move would simplify the transaction and could appeal to shareholders who have been weighing the competing offers. “Today’s revised merger agreement brings us even closer to combining two of the greatest storytelling companies in…
Netflix announced a revised bid on March for the purchase of assets including film and television studios Warner Bros Discovery (WBD) and prestigious HBO Max Streaming Division to counter the Paramount Skydance rival offer.
Netflix intensifies bid for Warner Bros making its $72 bil. offer all cash
Netflix is now offering to buy Warner Bros. Discovery’s studio and streaming business in all cash — in an effort to win over the Hollywood giant's shareholders for its $72 billion merger and potentially thwart a hostile bid from Skydance-owned Paramount. Back in December, Netflix struck a cash and stock deal with Warner valued at $27.75 per share, giving it a total enterprise value of $82.7 billion, including debt. But on Tuesday, the companies …
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