Streaming Wars: Netflix Renegotiates Terms with Warner Bros

Netflix has announced a revised all-cash deal to acquire Warner Bros. Discovery’s streaming and studio assets, replacing the previous stock-and-cash agreement. The new bid eliminates the stock equity component, offering $27.75 per share. This move puts pressure on Paramount Skydance’s David Ellison, who is attempting a hostile takeover of Warner. The revised deal, approved by the WBD board, could sway shareholders’ votes by April. The value of Discovery Global, the soon-to-be spun-off company, is a key point of contention between Netflix and Paramount.