Netflix Revises Offer to Pay All Cash For Warner Bros. to Fend Off Paramount
Netflix shifts to all-cash offer for Warner Bros Discovery to counter Paramount’s rival bid and reassure shareholders.
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Netflix Revises Offer to Pay All Cash For Warner Bros. to Fend Off Paramount
Netflix All-Cash Warner Bros Bid Counters Paramount’s $30 Offer In a dramatic escalation of the battle for Warner Bros. Discovery (WBD), Netflix has revised its acquisition proposal to an all-cash deal—matching its original $27.75-per-share valuation but ditching stock in favor of guaranteed liquidity. The move, announced January 20, 2026, is a direct response to Paramount Skydance’s aggressive $30-per-share all-cash counteroffer, which has gained traction among WBD shareholders despite concerns over financing and debt load. With both streaming giants vying for control of Hollywood’s most storied studio, the stakes have never been higher. Credit: Thibault Penin / Unsplash Why Netflix Switched to an All-Cash Deal Originally, Netflix’s agreement with WBD included a mix of cash and stock—a structure that offered long-term upside but introduced market volatility risk. Now, under pressure from Paramount’s cleaner, higher-priced bid, Netflix has streamlined its offer to eliminate uncertainty. T…
