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

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. […]