Netflix Considers Shifting Deal For Warner Bros. To All Cash - Report
Deadline • • business
Key Points:
- Netflix is considering revising its deal for Warner Bros. studios and streaming assets from a cash-and-stock offer to an all-cash proposal, according to Bloomberg.
- Paramount continues to promote its hostile $30-per-share all-cash bid for Warner Bros. Discovery (WBD) as superior to Netflix's $27.75 offer, which includes both cash and stock components.
- Paramount has sued the WBD board to access documents related to the decision to choose Netflix over Paramount and plans a proxy fight to replace WBD directors and block the Netflix deal.
- WBD's board has opposed Paramount's bid, labeling it riskier and advising shareholders against tendering their shares to Paramount, while Paramount denies these claims.
- Netflix
