Summary
Netflix has changed its offer to buy Warner Bros Discovery's streaming and film business to an all-cash deal. The updated proposal aims to bring more certainty to shareholders, competing against a rival bid from Paramount Skydance. The all-cash offer is valued at around $82 billion, with Warner Bros shareholders also receiving shares in other parts of the company that will be spun off.
Key Facts
- Netflix's new offer for Warner Bros is an all-cash deal.
- The offer values Warner Bros' streaming and film business at around $82 billion.
- Warner Bros shareholders will get shares in non-streaming parts of the company, like CNN, which will become a separate company.
- Paramount Skydance, a rival bidder, has offered a higher price but faces challenges getting financing.
- Netflix's proposal includes taking ownership of popular franchises like Harry Potter and Game of Thrones.
- The change aims to provide more certainty for Warner Bros shareholders, helping the deal move faster.
- Netflix claims the acquisition will help grow the industry and create jobs.
- Paramount is pushing for Warner Bros to disclose Netflix's financial offer details and continues its efforts to buy the company.
