💰 Netflix Ready to Go “All Cash” for WBD

According to insiders, the company may replace the current mixed offer (shares plus cash) with a bid paid entirely in cash.

The original offer valued WBD at 27.75 dollars per share, but a 29% drop in Netflix’s share price over six months has eroded the deal’s value. Switching to an all‑cash structure is intended to reassure investors and speed up regulatory approval.

Paramount chief David Ellison is waging a “proxy war” by offering 30 dollars per WBD share, backed by Oracle founder Larry Ellison and sovereign wealth funds from several Arab states.

Paramount has already sued WBD, demanding full disclosure of the terms of Netflix’s offer.

Despite Paramount’s higher headline price (108.4 billion dollars versus Netflix’s 82.7 billion), WBD’s board is currently favoring Netflix, concerned about the heavy debt load built into Ellison’s proposed structure.