economy
January 20, 2026
Netflix amends Warner Bros. Discovery offer to all cash
Netflix has agreed to pay $27.75 per WBD share to acquire the company's studio and streaming assets.
TL;DR
- Netflix has changed its offer for WBD's studio and streaming assets to an all-cash bid of $27.75 per share.
- The revised offer aims for an expedited timeline to shareholder approval, potentially by late February or early March.
- WBD's board unanimously accepted the amended Netflix offer and has previously recommended rejecting Paramount's hostile bid.
- Paramount is actively pursuing a hostile takeover of WBD, including initiating a proxy fight.
- If the Netflix deal is approved, WBD's cable TV networks will be spun off into a new entity called Discovery Global.
- The separation of Discovery Global is expected to occur before the Netflix-WBD transaction closes.
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