Netflix has restructured its $72 billion acquisition of Warner Bros. Discovery into an all-cash transaction, aiming to streamline the deal and offer greater certainty to shareholders of the media company.
The streaming giant had originally proposed a combination of cash and stock, valuing Warner Bros. Discovery shares at $27.75 each and implying a total enterprise value of $82.7 billion, including debt. Under the revised terms, the per-share valuation remains unchanged at $27.75.
Warner Bros. Discovery shareholders are also set to receive additional value through shares in Discovery Global following its planned separation from Warner Bros. Discovery, according to people familiar with the deal.
Both companies’ boards have approved the revised all-cash structure. The change is expected to simplify the transaction, reduce market-related uncertainty, and accelerate the timeline toward a shareholder vote and regulatory review.
Netflix said the revised structure reflects confidence in its balance sheet and long-term growth strategy, while Warner Bros. Discovery said the all-cash offer provides clarity and immediate value to investors.
Source: NDTV/ UNB
Bd-pratidin English/ Jisan
