Netflix Switches Warner Bros. Deal

In the face of determined moves from Paramount Skydance, and possibly as a result of shareholder murmurs, Netflix has switched up its proposed deal with Warner Bros. Discovery. The deal will now be all cash, matching the Paramount method of offer, rather than one made up of cash and Netflix

Netflix/Warners Deal Revised To All Cash

Netflix has changed its agreement with Warner Bros. Discovery, switching to an all-cash deal rather than one that included a Netflix stock component. The changed-up offer still values WarnerMedia, or at least the streaming/studios part of it, at $27.75 per share, which is what it has been since it was