Netflix is readying a revised offer — in all cash — to acquire Warner Bros. Discovery‘s streaming and studios businesses, according to a report by the Wall Street Journal.
Under the terms of Netflix’s original agreement, each Warner Bros. Discovery shareholder would receive $23.25 in cash and $4.50 worth of shares of Netflix common stock for each share of WBD common stock outstanding at the closing of the transaction. With those parameters, that deal has an enterprise value of $82.7 billion.
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Now, Netflix is prepared to switch to an all-cash offer, according to the Journal, which cited anonymous sources. Bloomberg News
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