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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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