Netflix Switches Warner Deal to All Cash
Netflix changed its $27.75-per-share cash-and-stock deal for Warner Bros.’ streaming business to all cash, upping the battle for control with Paramount.
The changes are designed to expedite a sale and address claims by Paramount that its $30-a-share cash tender offer — for all of Warner — is superior. The battle for Warner Bros. is one of the biggest media deals in years and has the power to reshape the entertainment industry.
The Warner Bros. board “continues to support and unanimously recommend our transaction, and we are confident that it will deliver the best outcome ...
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