News Brief: Netflix May Shift to All-Cash Bid for Warner Bros. Discovery Assets
Summary
Netflix is reportedly considering amending its deal to acquire parts of Warner Bros. Discovery (WBD) to an all-cash offer, potentially accelerating the shareholder vote timeline. This comes as Paramount Skydance continues its hostile pursuit to acquire all of WBD.
Key Points
- Deal Adjustment: Netflix is likely to change its offer from cash-and-stock to all-cash for WBD’s HBO Max and film studio assets.
- Current Deal Value: The existing agreement is valued at $27.75 per WBD share, equating to ~$72 billion in equity value.
- Faster Timeline: An all-cash offer could allow a shareholder vote as early as late February or March, bypassing lengthy stock-deal procedures.
- Hostile Competition: Paramount Skydance is aggressively pushing its competing $30-per-share all-cash offer to acquire all of WBD, including TV networks, and has sued WBD for more information.
- Backing: Paramount’s revised bid has strengthened support from billionaire Larry Ellison, father of Paramount’s CEO.
新闻简报：Netflix可能调整对华纳兄弟探索资产的收购为全现金报价
摘要
据报道，Netflix正考虑将其收购华纳兄弟探索公司部分资产的交易修改为全现金报价，这可能会加快股东投票时间表。与此同时，派拉蒙Skydance仍在继续其敌意收购整个WBD的行动。
关键要点
- 交易调整： Netflix可能将其对WBD旗下HBO Max和电影工作室资产的出价从现金加股票改为全现金。
- 当前交易价值： 现有协议对WBD股票的估值为每股27.75美元，股权价值约720亿美元。
- 更快的时间表： 全现金报价可能使股东投票最早在二月下旬或三月进行，省去了股票交易的冗长程序。
- 敌意竞争： 派拉蒙Skydance正积极推动其每股30美元的全现金竞争报价，旨在收购包括电视网络在内的整个WBD，并已起诉WBD以获取更多信息。
- 支持力量： 派拉蒙修订后的出价获得了亿万富翁拉里·埃里森（派拉蒙CEO大卫·埃里森之父）的强力支持。
Original Article Link: https://www.cnbc.com/2026/01/14/netflix-warner-bros-discovery-deal-all-cash.html