What is Netflix's new offer for Warner Bros. Discovery?

Netflix has revised its offer to an all-cash transaction valued at $27.75 per Warner Bros. share.

Why did Netflix change its Warner Bros. offer?

The all-cash deal simplifies the transaction structure and provides more certainty of value for Warner Bros. stockholders.

Has the new Netflix offer for Warner Bros. been approved?

Yes, both Netflix's and Warner Bros. Discovery's boards have approved the amended all-cash deal.

Home / Business and Economy / Netflix Goes All-Cash for Warner Bros. Deal

Netflix Goes All-Cash for Warner Bros. Deal

20 Jan

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Summary

Netflix revised its Warner Bros. acquisition offer to all cash.
The updated deal simplifies structure and speeds shareholder vote.
Both companies' boards have approved the amended all-cash offer.

Netflix Goes All-Cash for Warner Bros. Deal

Netflix has officially amended its acquisition offer for Warner Bros. Discovery, transitioning to an all-cash transaction. This revised proposal values each Warner Bros. share at $27.75.

The change is designed to streamline the deal's complexity and expedite the approval process, offering Warner Bros. stockholders enhanced certainty regarding the value of their shares. The decision to pursue an all-cash deal has received unanimous approval from the boards of directors of both Netflix and Warner Bros. Discovery.

This development occurs amidst a competitive landscape, with Netflix reportedly vying for Warner Bros. against Paramount Skydance, which has also made a significant move in its pursuit of the Hollywood studio. The revised offer from Netflix appears to be a strategic maneuver to secure the acquisition.

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