Netflix Confident in $82.7 Billion Warner Bros Discovery Studio Acquisition
Brand Marketing
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Storyboard•23-01-2026, 12:04
Netflix Confident in $82.7 Billion Warner Bros Discovery Studio Acquisition
- •Netflix co-CEO Greg Peters believes shareholders will back its $82.7 billion bid for Warner Bros Discovery's film and TV studios.
- •Peters noted limited WBD shares tendered for Paramount's $108 billion hostile bid, indicating weak support for the rival offer.
- •Netflix's revised all-cash offer for WBD's studio assets provides greater deal certainty compared to Paramount's debt-financed proposal.
- •The Warner Bros Discovery board previously rejected an amended Paramount bid, despite a personal guarantee from Larry Ellison.
- •Paramount Skydance extended its hostile tender offer deadline to February 20, following Netflix's all-cash conversion.
Why It Matters: Netflix is confident its all-cash $82.7 billion offer for WBD studios will succeed over Paramount's rival bid.
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