Netflix agrees revised all-cash deal for Warner Bros studios

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Your assist makes all of the distinction. Learn extra Netflix has considerably elevated its all-cash supply to amass Warner Bros Discovery’s studio and streaming enterprise, intensifying an ongoing takeover battle with rival Paramount Skydance.

The revised bid goals to safe Warner Bros’ intensive movie and tv library, alongside its premium HBO Max streaming service, in a transfer that would reshape the leisure panorama.

In December, Netflix agreed to pay $23.25 in money, $4.50 (£3.35) price of Netflix inventory per share to purchase Warner Bros property.

The deal valued the enterprise at round $82.7bn (£61.5 bn). Nevertheless, shares in Netflix have dropped by nearly 15 per cent for the reason that deal was first introduced.

<img src="https://static.independent.co.uk/2025/12/08/15/08144904-6db9728a-b1d9-4de6-9de9-34902494a0d5.jpg" srcset="https://static.independent.co.uk/2025/12/08/15/08144904-6db9728a-b1d9-4de6-9de9-34902494a0d5.jpg?quality=75&width=320&auto=webp 320w, https://static.independent.co.uk/2025/12/08/15/08144904-6db9728a-b1d9-4de6-9de9-34902494a0d5.jpg?quality=75&width=640&auto=webp 640w" loading="lazy" alt="Paramount had launched a hostile bid for Warner Bros Discovery in an attempt to derail the firm’s agreed 72 billion dollar (£54 billion) deal with Netflix (Alamy/PA)" class="sc-1mc30lb-0 ggpMaE inline-gallery-btn"/> open picture in gallery

Paramount had launched a hostile bid for Warner Bros Discovery in an try and derail the agency’s agreed 72 billion greenback (£54 billion) cope with Netflix (Alamy/PA) (Alamy/PA) The US-based streaming large has mentioned it can now supply $27.75 (£20.64) per share in money to purchase the enterprise, which is able to embody Warner Bros’ intensive library of movie and TV rights, in addition to its HBO Max streaming service.

Analysts have mentioned the brand new phrases are beneficial for traders in Warner Bros Discovery.

Regardless of the improved monetary phrases, Warner Bros Discovery continues to again Netflix over a competing bid from Paramount Skydance.

The rival studios and media large had put ahead a proposal of $30 per share in money, however crucially, this was for your entire Warner Bros Discovery firm, quite than simply its studio and streaming divisions, highlighting a key distinction within the acquisition methods.

David Zaslav, president and chief government of Warner Bros Discovery, expressed his enthusiasm for the approaching merger.

He acknowledged: "Right now’s revised merger settlement brings us even nearer to combining two of the best storytelling corporations on the planet and with it much more folks having fun with the leisure they love to observe probably the most. By coming along with Netflix, we are going to mix the tales Warner Bros has instructed which have captured the world’s consideration for greater than a century and guarantee audiences proceed to get pleasure from them for generations to return."

<img src="https://static.independent.co.uk/2023/12/21/04/GettyImages-1485173785.jpg" srcset="https://static.independent.co.uk/2023/12/21/04/GettyImages-1485173785.jpg?quality=75&width=320&auto=webp 320w, https://static.independent.co.uk/2023/12/21/04/GettyImages-1485173785.jpg?quality=75&width=640&auto=webp 640w" loading="lazy" alt="Warner Bros. Discovery President and CEO David Zaslav has approved of the merger" class="sc-1mc30lb-0 ggpMaE inline-gallery-btn"/> open picture in gallery

Warner Bros. Discovery President and CEO David Zaslav has authorized of the merger (Getty Pictures) Greg Peters, Netflix’s co-chief government, underscored the strategic and monetary advantages of the amended settlement.

He commented: "By amending our settlement at present, we're underscoring what now we have believed all alongside: not solely does our transaction present superior stockholder worth, it's also essentially pro-consumer, pro-innovation, pro-creator and pro-growth. Our revised all-cash settlement demonstrates our dedication to the transaction with Warner Bros and gives WBD stockholders with an accelerated course of and the monetary certainty of money consideration, whereas sustaining our dedication to a wholesome steadiness sheet and our strong funding grade scores."

The agreed deal is contingent on Warner Bros Discovery finishing a proposed spin-off of its cable channels, which embody CNN, TBS, and TNT Sports activities within the UK.