Netflix Switches To All-Cash $82.7B Bid For Warner Bros To Block Paramount
1 week ago
Netflix has shifted to an all-cash offer for Warner Bros Discovery, keeping the $82.7 billion price unchanged, in a move aimed at blocking rival Paramount Skydance from acquiring the Hollywood powerhouse.
The deal, valued at $27.75 per share, has unanimous support from Warner Bros’ board. Netflix says the all-cash approach provides shareholders with financial certainty and allows for a faster vote, while Paramount’s competing bid has been rejected due to lower credit ratings and other risks.
Warner Bros owns major film and television franchises including Game of Thrones, Harry Potter, and DC Comics properties like Batman and Superman. Paramount Skydance has been actively campaigning to sway shareholders, arguing its $30-per-share cash offer is superior, but Warner Bros executives maintain Netflix’s bid is the safer, more reliable path.
A shareholder vote is expected later this year, setting the stage for a high-stakes showdown in Hollywood’s streaming and studio wars.
The deal, valued at $27.75 per share, has unanimous support from Warner Bros’ board. Netflix says the all-cash approach provides shareholders with financial certainty and allows for a faster vote, while Paramount’s competing bid has been rejected due to lower credit ratings and other risks.
Warner Bros owns major film and television franchises including Game of Thrones, Harry Potter, and DC Comics properties like Batman and Superman. Paramount Skydance has been actively campaigning to sway shareholders, arguing its $30-per-share cash offer is superior, but Warner Bros executives maintain Netflix’s bid is the safer, more reliable path.
A shareholder vote is expected later this year, setting the stage for a high-stakes showdown in Hollywood’s streaming and studio wars.
