Netflix's Big Move: All-Cash Bid for Warner Bros. Discovery?

Netflix might be changing its game plan. It's thinking about making an all-cash offer for Warner Bros. Discovery's assets. This isn't just a small change; it's a big shift from their original deal. Back in December, Netflix and Warner Bros. Discovery struck a deal. Netflix wanted to buy HBO Max and the Warner Bros. film studio. The deal was a mix of cash and stock. At the time, it was worth about $27. 75 per share. That's a huge amount of money—around $72 billion in equity value and $82. 7 billion in total enterprise value.But now, Netflix is considering a new approach. Instead of a mix, they might go all-cash. Why? Well, an all-cash offer could speed things up. Shareholders might vote on it sooner, maybe even by late February or early March. That's a lot faster than the original timeline, which was looking at spring or early summer. Why the rush? Well, there's some competition. Paramount Skydance is also in the mix. They've been pushing hard to buy all of Warner Bros. Discovery. In fact, they even sued Warner Bros. Discovery and its CEO, David Zaslav. They want more information about why the board turned down their $30-per-share offer in favor of Netflix's deal. So, what's next? It's all about strategy. Netflix's move could be a way to stay ahead in this high-stakes game. But will it work? Only time will tell.