In a major development for the global media industry, Netflix Inc. and Warner Bros. Discovery Inc. have revised their pending acquisition agreement into an all-cash transaction valued at $27.75 per share. The move is aimed at simplifying the deal structure and increasing certainty of value for Warner Bros. Discovery (WBD) shareholders.
According to the press release, the revised agreement accelerates the timeline toward a stockholder vote expected by April 2026 and reduces exposure to market variability. The transaction will be financed through a combination of cash reserves, credit facilities, and committed financing sources.
Netflix leadership emphasized that the all-cash structure strengthens execution certainty and aligns with the company’s disciplined capital allocation strategy. WBD executives also expressed optimism about the combined potential of both companies’ entertainment portfolios. �
