Netflix prepares all-cash offer for Warner Bros. Discovery
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Netflix is reportedly readying a revised offer -- in all cash -- to acquire Warner Bros. Discovery's streaming and studios businesses.
Some investors are beginning to worry that the same industry pressures leading to Versant’s trading woes will plague the value of the Netflix bid.
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Netflix stock in spotlight after it inks new streaming deal with Sony amid WBD deal saga
As part of the deal, Netflix will also be able to license hit films including Uncharted, Spider-Man: Across the Spider-Verse, It Ends With Us, among others. ・Netflix will also license rights to select Sony Pictures Entertainment (SPE) feature film and television library titles.
The Warner Bros. Discovery board has unanimously voted to rebuff Paramount’s $108.4 billion offer and urged shareholders to reject the hostile takeover bid. The board is continuing to support Netflix’s pending $82.7 billion purchase of its streaming and movie studios businesses along with a separate spinoff of the Warner Bros. cable TV division.
Paramount sends a letter to Warner Bros. Discovery shareholders and aims to include its directors on the board. The US president criticizes the Netflix deal.