Netflix revises its offer for Warner Bros. Discovery to make it an all-cash transaction

Netflix initially enactment distant a currency and banal woody valued astatine $27.75 per Warner Bros. share, giving it a full endeavor worth of $82.7 billion, including debt.

Netflix and Warner Bros. said Tuesday that the revised woody simplifies the transaction structure, provides much certainty of worth for Warner Bros. stockholders and speeds up the way to a Warner Bros. shareholder vote.

The companies said that the all-cash transaction is inactive valued astatine $27.75 per Warner Bros. share. Warner Bros. stockholders volition besides person the further worth of shares of Discovery Global pursuing its separation from Warner Bros.

Both companies' boards approved the amended all-cash deal.

Netflix has been successful a tussle with Paramount Skydance (PSKY) for Warner Bros., with Paramount taking different measurement successful its hostile takeover bid of Warner Bros. past week, saying that it would sanction its ain slate of directors earlier the adjacent shareholder gathering of the Hollywood studio.

Netflix's banal roseate 1.3% earlier the marketplace open, portion shares of Warner Bros. Discovery fell slightly.