Netflix is expected to revise the terms of its offer for Warner Bros. Discovery, making an all-cash bid for the company’s studios and streaming businesses.
The move, first reported by Bloomberg, is meant to speed up a deal in the face of stiff competition from rival bidder Paramount Skydance and to make it more palatable to WBD shareholders.
Under the original deal, Netflix bid $82.7bn for WBD, offering WBD shareholders $23.25 in cash and $4.50 in Netflix common stock. However, since the company’s pursuit of WBD began in October, Netflix shares have lost about a quarter of their value.
If Netflix were to make its offer all-cash, a WBD shareholder vote on the deal could take place as early as late February or early March, rather than in spring or summer as expected. Deals comprised of stock typically take longer.
The news came just days after Paramount Skydance said it was suing WBD and CEO David Zaslav to seek more information about why the company’s board continues to reject its $108.4bn takeover offer in favour of Netflix.
Paramount’s bid has been backstopped by a personal $40bn guarantee by Larry Ellison, a Co-Founder of Oracle.
US President Donald Trump recently added his voice to concerns about Netflix's planned $83bn deal to buy Warner Bros Discovery. Discover more here.
.jpg)
Expanded Future Tech to showcase the very best in innovation, technology and talent
After a successful debut in 2025, Future Tech returns to Hall 14 of the RAI this year, with more features, more innovation and more of the technologies shaping the next era of media and entertainment.
.jpg)
UK TV industry advocates out-of-hours guidelines
The UK television industry has backed new guidelines to minimise out-of-hours contact to help improve work-life balance in the sector.
.jpg)
EU approves Paramount's WBD acquisition with conditions
The European Commission has approved Paramount Skydance’s proposed $110bn acquisition of Warner Bros. Discovery.
Isabel Davis to become Director of BFI Filmmaking Funds
The British Film Institute (BFI) has named Isabel Davis as Director of its BFI National Lottery Filmmaking Funds.
Netflix uses GenAI on 300 titles in 2026
Netflix has revealed that nearly 300 titles on its platform have used generative AI, from early concept stages and pre-visualisation through to post-production and release.
