๐ฐ Netflix and WBD Switch to All-Cash Deal
Entertainment giants Netflix and Warner Bros. Discovery (WBD) have officially revised their merger agreement, transitioning to an "all-cash" structure to streamline the process and accelerate shareholder voting.
The valuation remains unchanged at $27.75 per WBD share. In addition to cash, WBD shareholders will receive stakes in the newly spun-off company Discovery Global as a separate business.
Shareholders are expected to vote on the deal by April 2026.
Company leaders Ted Sarandos and David Zaslav emphasize that the all-cash structure eliminates market risks and demonstrates serious commitment. Netflix plans to use its own funds and credit lines while maintaining its high investment-grade rating.
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