Netflix has made a bold move to reshape the global entertainment industry, launching an all-cash takeover bid valued at $83 billion for Warner Bros. Discovery, according to sources familiar with the matter.
The offer values Warner Bros. Discovery at approximately $27.75 per share and represents a significant upgrade from Netflix’s earlier proposal, which included a mix of cash and stock. By shifting to a fully cash-based bid, Netflix is seeking to provide greater certainty to shareholders and strengthen its position amid growing competition in the media sector.
Warner Bros. Discovery’s board has reportedly backed the revised offer, citing the clarity and stability of an all-cash deal. If completed, the acquisition would unite Netflix’s global streaming platform with Warner Bros.’ extensive portfolio of film and television assets, including HBO, DC Studios, and Warner Bros. Pictures.
Industry analysts say the deal could dramatically alter the competitive landscape of streaming and entertainment, creating a content powerhouse with unmatched scale, intellectual property, and global reach. However, the proposed acquisition is expected to face intense regulatory scrutiny, particularly from antitrust authorities in the United States and other major markets.
The transaction will also require shareholder approval, with a vote expected later this year. Rival media groups have shown interest in Warner Bros. Discovery in recent months, raising the possibility of further bidding or legal challenges.
If approved, the deal would rank among the largest mergers in entertainment history, underscoring Netflix’s strategy to secure premium content as competition for global audiences continues to intensify. Visit www.jocomms.com for more news.