economy
January 20, 2026
Netflix revises Warner Bros. bid to an all-cash offer
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TL;DR
- Netflix shifted its WBD acquisition offer to an all-cash deal, changing from an initial $82.7 billion cash and stock agreement.
- The revised offer aims to expedite the sale of WBD studios and streaming businesses.
- Paramount had previously made an $108 billion all-cash offer, described as 'superior' to the Netflix deal.
- The new terms provide WBD shareholders with $27.75 per share in cash.
- The amended transaction requires regulatory and WBD shareholder approvals to close.
- Netflix's previous offer included conditions tied to its stock price, which fell below the specified threshold.
- David Ellison's company is suing WBD for more details about the Netflix merger deal.
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