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Merger Acquisition

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Netflix Converts WB Deal to All-Cash, Fast‑Tracks Shareholder Vote
business13 days ago

Netflix Converts WB Deal to All-Cash, Fast‑Tracks Shareholder Vote

Netflix and Warner Bros. Discovery amended their agreement to an all-cash deal worth about $82.7–$83 billion, with Netflix paying $27.75 per share. The revision speeds up the path to a stockholder vote (by April 2026), reduces Discovery Global’s net-debt burden, and keeps the planned spin-off on track, with closing expected 12–18 months after the deal was signed, all while rival bids from Paramount Skydance persist.