Netflix Changes Warner Bros. Bid to All Cash Deal
The Hollywood Reporter • • business
Key Points:
- Netflix has amended its $83 billion bid for Warner Bros. Discovery (WBD) to an all-cash offer of $27.75 per share, removing the $4.50 in Netflix stock previously included, aiming to pressure Paramount’s $30 per share all-cash offer.
- The revised deal leaves Discovery Global as a standalone company, with its valuation now a key point of contention between Netflix and Paramount, as WBD’s board values Discovery shares between $1.33 and $6.86, while Paramount argues for a valuation closer to $0 to $0.50 per share.
- WBD plans a special shareholder meeting to decide on the deal, with Paramount threatening a proxy fight to block Netflix’s acquisition, emphasizing a potentially
