Netflix is revising its offer for Warner Bros Discovery to an all-cash transaction valued at $27.75 per share, totaling $82.7 billion including debt. This change simplifies the deal and provides more certainty for shareholders, while Warner Bros will separate from Discovery Global before the merger is finalized. Both companies’ boards have approved the amended offer, amid ongoing competition from Paramount Skydance, which is pursuing a hostile takeover. Warner Bros leadership continues to recommend Netflix’s deal to its shareholders.
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