Netflix Intensifies Bid For Warner Bros

Netflix is now offering to buy Warner Bros. Discovery’s studio and streaming business in an all-cash deal. This move aims to win over Warner’s shareholders for a $72 billion merger and counter a bid from Paramount. On Tuesday, Netflix and Warner announced a revised transaction to simplify the structure and speed up a shareholder vote. The all-cash offer is valued at $27.75 per Warner share. Warner’s leadership supports the merger with Netflix. Meanwhile, Paramount has made a $77.9 billion offer and plans a proxy fight. The sale could face antitrust scrutiny and political influence.