Netflix Upgrades Warner Bros. Deal to All Cash; Shareholders to Vote on $83 Billion Sale by April

Netflix has upgraded its $83 billion deal to acquire Warner Bros. Discovery's studios and HBO Max business to an all-cash transaction, aiming to thwart Paramount Skydance's rival takeover bid. The revised agreement simplifies the transaction structure, provides greater certainty of value for WBD stockholders, and accelerates the path to a WBD stockholder vote, which is expected by April 2026.