Netflix Offers All-Cash Deal for Warner Bros Discovery

UNITED STATES – Netflix is set to report fourth-quarter 2025 earnings after U.S. markets close Tuesday, with investors closely watching what executives say about its pending acquisition of Warner Bros Discovery.

Media reports say Netflix has switched to an all-cash offer for Warner Bros Discovery’s studio and streaming assets, holding the price at $82.7 billion to head off rival interest from Paramount Skydance.

The new bid, set at $27.75 a share, has received unanimous support from the Warner Bros board, according to a regulatory filing.

Both Netflix and Paramount are seeking Warner Bros for its major film and television studios, vast content library, and blockbuster franchises including Game of Thrones, Harry Potter, and DC Comics superheroes.