Netflix Goes All-Cash for Warner Bros Deal Ahead of Q4 Earnings — What Wall Street Is Watching
LOS ANGELES, Jan 20, 2026, 06:49 (PST) Netflix has shifted to an all-cash bid for Warner Bros Discovery’s studio and streaming assets, holding firm on the $82.7 billion valuation as it seeks to edge out Paramount Skydance. According to a regulatory filing, Warner’s board gave unanimous approval to the updated offer. https://www.reuters.com/business/finance/netflix-submits-amended-all-cash-offer-warner-bros-wins-board-support-2026-01-20/ The shift zeroes in on Netflix’s fourth-quarter earnings due Tuesday, with investors likely to grill executives about financing and next steps if regulators drag their feet. Netflix said it anticipates a special Warner shareholder meeting to vote on the deal by April. Netflix shares climbed roughly 1.7% to