Netflix Switches To All-Cash Offer For Warner Bros Discovery Amid Board Support - Netflix (NASDAQ:NFLX), Paramount Skydance (NASDAQ:PSKY)
Benzinga·2026-01-20 13:03

Netflix Inc. (NASDAQ:NFLX) has decided to switch to an all-cash offer for the acquisition of Warner Bros Discovery (NASDAQ:WBD) studio and streaming businesses. This decision was made without increasing the $82.7 billion price, effectively countering rival Paramount’s (NYSE:PSKY) efforts.Netflix’s new all-cash offer for Warner Bros Discovery’s studio and streaming businesses has received unanimous approval from the latter’s board. Both Netflix and Paramount are eyeing Warner Bros for its renowned film and t ...