Netflix Revises Offer for Warner Bros. Discovery
Netflix is altering its $72 billion offer for Warner Bros. Discovery to an all-cash deal, maintaining a share price of $27.75 amid competition from Paramount Skydance’s hostile takeover attempt. The revised proposal aims to simplify the transaction and expedite shareholder voting. Warner Bros. Discovery’s board previously rejected Paramount’s bid, deeming it inferior to Netflix’s offer. Both Netflix and Warner Bros. boards have approved the amended deal, with Netflix’s stock slightly rising and Warner Bros.’s shares falling.
