Netflix is likely to amend its offer for Warner Bros. Discovery's streaming and studio business after reaching an earlier agreement in December.
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Netflix
is likely to amend its offer for Warner Bros. Discovery’s
assets, making an all-cash bid, CNBC’s David Faber reported on Wednesday.
In December, Netflix reached a deal to purchase WBD’s streaming platform HBO Max and the Warner Bros. film studio in a transaction comprised of cash and stock. The deal is currently valued at $27.75 per WBD share. This would put the deal’s equity value at $72 billion, with a total enterprise value of approximately $82.7 billion.
Netflix said the updated offer will provide greater certainty to Warner Bros. Discovery’s shareholders, who are set to vote on…
Netflix announced Tuesday that it has amended its bid to buy Warner Bros. Discovery to an all-cash offer to sweeten the deal for…
Netflix is considering raising its offer for Warner Bros. Discovery to a cash offer, making the vote to accept it come months…
It is the latest skirmish in the bidding war over Warner Bros Discovery, which is also being pursued by Paramount Skydance.
Netflix agreed to buy Warner Bros. Discovery, including HBO, in a deal valued at $82.7 billion after securing financing from a…
The agreement follows a weeks-long bidding war for the storied company.
