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14.01.26 - 10:18
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Netflix ′plans to switch to all-cash offer to seal $83bn Warner Bros deal′ (The Guardian)
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Aim is to speed up acquisition of WBD studio and streaming businesses and hold off rival Paramount bidNetflix is reportedly preparing to switch to an all-cash offer to seal its takeover offer for the studios and streaming businesses of Warner Bros Discovery (WBD), as it tries to speed up the deal and fend off a rival hostile bid from Paramount Skydance.The changes to Netflix's $83bn (£62bn) offer, first reported by Bloomberg, are designed to accelerate the acquisition, which is expected to take months to conclude, and make it more palatable for WBD shareholders. Continue reading......
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