Netflix has officially agreed to pay all cash for Warner Bros. Discovery’s studios and HBO Max business — a move aimed at thwarting Paramount Skydance’s rival takeover campaign.
Netflix and Wbd announced Tuesday that they amended their definitive agreement for Netflix’s proposed acquisition of Warner Bros. assets to an all-cash transaction of $27.75 per share. The deal continues to carry an $82.7 billion enterprise value. The companies said the revised agreement “simplifies the transaction structure, provides greater certainty of value for Wbd stockholders, and accelerates the path to a Wbd stockholder vote.”
Netflix’s original agreement with Wbd, announced Dec.
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‘ Some details of this article were extracted from the following source www.imdb.com ’
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