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Netflix Makes All-Cash Bid for Warner Bros Discovery, Receives Unanimous Board Approval

Published January 20, 2026, 15:20
Netflix Makes All-Cash Bid for Warner Bros Discovery, Receives Unanimous Board Approval

Netflix has made a new bid to acquire Warner Bros Discovery, now entirely in cash, maintaining the initial amount of $82.7 billion. This move, which received unanimous approval from Warner Bros' board of directors, aims to thwart Paramount's attempt to acquire the company and accelerate the shareholder voting process. Netflix is offering $27.75 per share in cash, instead of the previous combination of cash and stock. Both companies seek to combine their forces to offer a wider range of entertainment to the public.