Netflix has revised its proposed 83 billion dollar takeover of Warner Bros. Discovery, turning the offer into an all-cash bid for the company’s studios and streaming business. Under the revised terms, Netflix is offering twenty seven dollars seventy five cents per share in cash for the assets, including HBO Max, replacing an earlier cash and stock proposal.
Netflix said the move would provide greater certainty for shareholders and could speed up approval, with a vote expected by April 2026. The original deal, already approved by the Warner Bros. Discovery board, offered a mix of cash and Netflix shares. Company executives said the revised structure would reduce exposure to market volatility.
Also Read: Warner Bros Rejects Paramount Takeover Bid, Backs Netflix Deal
The bid comes amid competition from Paramount Skydance, which launched a rival hostile offer in December, valuing Warner Bros. Discovery at one hundred and eight billion dollars. If the Netflix deal is approved, Warner Bros. Discovery will proceed with a planned split, with Netflix acquiring the Warner Bros. studios and HBO Max, while Discovery Global will be spun off as a separate publicly listed company.
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