Warner Bros. Discovery has accepted a new all-cash offer from Netflix on Tuesday, agreeing to sell its studios and streaming business for $27.75 a share as the companies move toward a shareholder vote in the face of a hostile bid from Paramount.
Warner Bros. Discovery has accepted a new all-cash offer from Netflix on Tuesday, agreeing to sell its studios and streaming business for $27.75 a share as the companies move toward a shareholder vote in the face of a hostile bid from Paramount.
The revised agreement replaces Netflix’s earlier cash-and-stock offer and is expected to speed the deal toward a shareholder vote by April while blunting Paramount Skydance’s argument that its rival $77.
