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Netflix intensifies bid for Warner Bros making its $72 billion offer all cash

Netflix has made a $72 billion all-cash offer to acquire Warner Bros. Discovery's studio and streaming business, aiming to outmaneuver a competing bid from Paramount. This new offer, priced at $27.75 per share, has received unanimous support from Warner Bros.' board and seeks to simplify the transaction for shareholders.

Netflix intensifies bid for Warner Bros making its $72 billion offer all cash

Credit: Yahoo

Key Highlights

  • Netflix's bid for Warner Bros. Discovery is now entirely in cash.
  • The offer remains at $72 billion, equivalent to $27.75 per share.
  • The Warner Bros. board has unanimously endorsed the cash offer.
  • Netflix aims to counter a rival bid from Paramount's Skydance.
  • Warner Bros. holds valuable franchises including 'Game of Thrones' and 'Harry Potter.'.
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Sources

  1. Netflix will now pay all cash for Warner Bros to keep Paramount at bay
  2. Netflix intensifies bid for Warner Bros making its $72 billion offer all cash

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

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