Netflix Shifts to All-Cash $82.7B Bid for Warner Bros Discovery Amid Merger Battle
Netflix has revised its acquisition strategy for Warner Bros Discovery, opting for an all-cash offer of $82.7 billion. The move, valued at $27.75 per share, replaces the earlier cash-and-stock proposal and has garnered unanimous support from Warner’s board. This adjustment aims to expedite shareholder approval and counter Paramount’s competing bid.
Market reaction was muted, with Netflix’s stock edging up 0.20% to $88.18 during trading hours. Regulatory scrutiny looms as antitrust concerns surface, while investors await clarity on financing and earnings implications.
The streaming giant’s pivot underscores the intensifying competition in media consolidation. By eliminating stock components from the deal, Netflix seeks to streamline the approval process ahead of an anticipated April shareholder vote.
