techcrunch.com
Netflix revised its offer for Warner Bros. Discovery (WBD) to an all-cash deal to sweeten the pot for shareholders, maintaining its $27.75 per share valuation totaling $82.7 billion. This move simplifies the structure and provides faster value compared to the previous cash-and-stock offer.
The update intensifies the bidding war with rival suitor Paramount Skydance, which has proposed a competing all-cash offer of $30 per share. WBD’s board continues to favor the Netflix deal, citing concerns that Paramount’s offer—backed by heavy debt and a $40 billion guarantee from Larry Ellison—carries significantly higher financial risk compared to Netflix’s financing.
Read More
