Netflix Considers All-Cash Bid for Warner Bros. Amidst Deal Resistance

• Netflix is re-evaluating its acquisition terms for Warner Bros. Discovery, exploring an all-cash offer for its studios and streaming operations.
• The shift to an all-cash bid aims to mitigate issues arising from Netflix's declining share price since deal talks began.
• The original deal offered Warner Bros. shareholders $23.25 cash and $4.50 in Netflix stock, with protections if shares fell below $97.91.
• Netflix's stock has dropped approximately 25% since October, reaching $89.07, prompting the revised approach.
• Paramount Skydance, led by David and Larry Ellison, is aggressively challenging the Netflix deal with a counter-offer, financing guarantee, and lawsuit.

Why It Matters: Netflix is pivoting to an all-cash offer for Warner Bros. Discovery to overcome financial and competitive hurdles.