Netflix is reportedly preparing to revise its takeover proposal for Warner Bros Discovery by making it an entirely cash-based offer, according to industry sources. The change is aimed at speeding up the acquisition of the studio and streaming assets and making the bid more attractive to Warner Bros shareholders amid a competitive takeover battle.
The potential shift would see Netflix drop the mix of cash and stock originally included in its roughly $82.7bn deal, instead offering shareholders all cash for their shares. Industry insiders say this could help move the transaction toward a quicker vote and simplify the terms.
The move arrives as Netflix faces pressure from a rival hostile bid from Paramount Skydance, which has proposed a higher all-cash offer and is pushing for changes at Warner Bros Discovery’s board. Paramount’s bid has also sparked plans to nominate directors to influence the company’s leadership.
Netflix’s takeover plan, first agreed late last year, would give it control of major entertainment franchises and streaming services including Warner Bros studios and HBO. The all-cash adjustment appears designed to strengthen Netflix’s position in the bidding war and address shareholder and investor concerns about the original deal structure.
Netflix Considers All-Cash Bid to Finalize $83 Billion Warner Bros Acquisition
By Media Team
