Netflix Moves to All-Cash Bid for Warner Bros. Discovery Assets

Netflix is preparing an all-cash bid to acquire Warner Bros. Discovery’s studios, HBO/HBO Max, and games unit in a deal with an enterprise value around $82.7 billion, shifting away from the original cash-and-stock structure; Paramount Skydance is pursuing a rival all-cash bid and has sued to obtain financial details, while Netflix’s stock has slid since the deal was announced.