Netflix is reportedly exploring an all-cash bid for Warner Bros. Discovery’s assets
Netflix’s previous offer valued Warner Bros. Discovery’s film and streaming assets at approximately $82.7 billion, comprising a combination of cash and stock
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Netflix is reportedly preparing an all-cash bid for Warner Bros. Discovery’s studios and streaming businesses, according to international news agencies.
Shares of Netflix rose 1.02% at Tuesday’s close, while Warner Bros. Discovery ended the session up 1.62%; Paramount shares remained flat.
Previously, Netflix had proposed a deal valuing Warner Bros. Discovery’s film and streaming assets at around $82.7 billion, combining cash and stock. In contrast, Paramount has offered $108.4 billion in cash for the entire company, including its cable television operations.
Warner Bros. Discovery’s board has expressed concerns over Paramount’s offer, noting its heavy reliance on debt financing, which raises execution risk, and has stated that the proposal remains insufficient even after revisions.
On Monday, Paramount filed a lawsuit against Warner Bros. Discovery, seeking more details on its discussions with Netflix and indicating plans to nominate directors to the company’s board.
