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Netflix Makes a Bold Cash Move for Warner Bros. Discovery

USAWednesday, January 21, 2026
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Netflix has revised its strategy to acquire a significant portion of Warner Bros. Discovery. This time, they're offering an all-cash deal, which could make the offer more attractive.

Previous Offer vs. New Proposal

  • December Offer: A mix of cash and stock worth $83 billion.
  • New Offer: The entire amount in cash.

Why the Change?

  • Investor Confidence: Avoids fluctuations in Netflix's stock price.
  • Executive Approval:
  • David Zaslav (CEO of Warner Bros. Discovery) sees it as a step closer to a deal.
  • Ted Sarandos (Co-CEO of Netflix) believes it offers financial security to shareholders.

The Competition

  • Paramount and its CEO, David Ellison, are also eyeing Warner Bros. Discovery.
  • Netflix aims to stay ahead by adjusting its offer.

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