Particle.news
Download on the App Store
13 ARTICLES
·
2w ago

Netflix Converts WBD Deal to All-Cash $27.75 Offer as Board Backs Faster Path to Vote

The proposal excludes WBD’s cable networks, which would be spun out as Discovery Global.

ARCHIVO - Un cartel de Netflix se muestra en lo alto de un edificio en Los Ángeles, el 18 de diciembre de 2025, con el cartel de Hollywood a la distancia. (Foto AP/Jae C. Hong, archivo)
Image
Este martes, Netflix y Warner Bros. Discovery acordaron oficialmente que la transacción se realizará en efectivo; accionistas votarán sobre la ventar por 82.700 millones de dólares antes de abril.
Image

Overview

  • Netflix and Warner Bros. Discovery revised their merger agreement to an all-cash $27.75 per-share offer for the studios and HBO Max, dropping the prior stock component and keeping the enterprise value near $82.7 billion.
  • The companies said the purchase will be funded with cash on hand, available credit lines and committed financing.
  • WBD’s board unanimously reaffirmed its support, saying the cash structure increases deal certainty and paves the way for a shareholder vote reported for April.
  • Paramount Skydance continues to push a rival all-cash $30-per-share bid and has sought legal and governance pressure, with a Delaware judge rejecting its request to expedite a disclosure case.
  • Closing remains contingent on WBD shareholder approval, regulatory reviews and the planned separation of Discovery Global, whose value WBD touts and Paramount disputes.