Netflix goes all-cash in Warner Bros Discovery deal as Paramount deadline looms
Netflix shifted its bid for Warner Bros Discovery to an all-cash offer at $27.75 per share, matching its previous price. Paramount Skydance’s $30-per-share tender offer expires Wednesday. Warner Bros forecasts Discovery Global Networks revenue will fall from $17 billion in 2026 to $15.6 billion by 2029. Warner faces a $2.8 billion breakup fee if it abandons Netflix’s deal for a higher offer.