Netflix to pay all cash for Warner Bros. to fend off Paramount hostile takeover
Summary
Netflix will finance an all-cash acquisition of Warner Bros. Discovery, revising a previously mixed cash-and-stock deal to accelerate closing and reduce stock-price uncertainty. The $72 billion equity value and $82.7 billion enterprise value position the deal to fend off Paramount's hostile bid, with Warner's cable division spin-off planned as part of the structure.