Core Viewpoint - Warner Bros. Discovery has accepted a new all-cash offer from Netflix to sell its studios and streaming business for $27.75 per share, moving towards a shareholder vote amid a hostile bid from Paramount [1] Group 1: Deal Structure and Financials - The revised deal is valued at $72 billion and has prompted Warner Bros. Discovery to release new financial disclosures regarding its cable networks, providing investors with clearer insights into the business that will remain post-transaction [2] - Paramount has criticized the lack of detailed financial disclosures about the cable spinoff and the Netflix deal structure, claiming this was a key reason for escalating its hostile bid [3] - Warner Bros. Discovery has released updated projections for the cable business, which will be spun off into a separate entity named Discovery Global [5] Group 2: Market Reactions and Statements - The cable division is projected to show declining revenue and earnings over the next several years, despite generating better-than-expected cash flow [9] - Netflix co-CEO Greg Peters stated that the revised deal reflects their commitment to the transaction and accelerates the process for Warner Bros. Discovery shareholders [9]