Archive · 21 Jan 2026
Netflix Revises Warner Bros. Deal to All-Cash
Netflix wants to buy Warner Bros.
Discovery.
They changed their offer to give all cash instead of some cash and some Netflix stock.
This makes the deal simpler and more certain.
The deal is worth $82.7 billion and doesn't include Discovery Global.
Warner Bros.
and Netflix think this is a good deal for everyone.
Another company, Paramount, wants to buy Warner Bros.
too, but they want a different deal.
The shareholders will vote on the deal in April 2026.
Netflix's stock went up a little, but Warner Bros.'
stock went down a bit.
Netflix revises its offer for Warner Bros. Discovery to an all-cash deal of $27.75 per share.
The total deal value remains at $82.7 billion, excluding Discovery Global.
The revised agreement aims to provide enhanced certainty and expedite the transaction timeline.
Paramount has a competing offer of $30 per share, including Discovery Global.
The WBD board unanimously recommends the Netflix transaction, expecting a shareholder vote in April 2026.
- Who
- Netflix and Warner Bros. Discovery (WBD)
- What
- Netflix revises its offer for WBD to an all-cash deal
- When
- Tuesday, 20 January 2026
- Where
- Global
- Why
- To provide enhanced certainty to WBD shareholders and expedite the transaction
- Netflix Offer
- $27.75 per share in cash
- Previous Offer
- $27.75 per share (cash + Netflix stock)
- Total Deal Value
- $82.7 billion
- Excluded Asset
- Discovery Global
- Expected Vote
- April 2026
- Paramount Offer
- $30 per share (includes Discovery)
- Netflix Stock Reaction
- Up 1.3% before market open
- Warner Bros. Stock Reaction
- Slightly fell
Sources
Netflix revises Warner Bros. Discovery offer into all-cash deal amid acquisition contest — What shareholders will get
Netflix Switches To All-Cash Bid For Warner Bros.
Netflix Revises $72 Billion Warner Bros Discovery Deal To All-Cash Transaction
Netflix revises Warner Bros. Discovery bid to all-cash deal
Netflix will now pay all cash for Warner Bros to keep Paramount at bay
Netflix amends $83 billion Warner Bros. deal; now it's an all-cash transaction
Netflix vs Paramount: The intense battle for Warner Bros. heats up with $83bn cash pivot
Netflix shifts to all-cash bid for Warner Bros to block Paramount in takeover battle - Telegraph India
Warner Bros. Forecasts Declining Sales, Profit for Cable Unit
