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Netflix Counters Paramount With All‑Cash Proposal for Warner Bros.

Netflix and Warner Bros. say this will provide the greatest value to shareholders, consumers, and the entertainment industry.
Netflix Counters Paramount With All‑Cash Proposal for Warner Bros.
Netflix and Warner Bros. Discovery logos , in this illustration created on Dec. 5, 2025. Dado Ruvic/Reuters
Andrew Moran
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Streaming titan Netflix adjusted its offer for Warner Bros. Discovery, according to a U.S. Securities and Exchange Commission filing on Jan. 20.

Netflix now says it will pay all cash for Warner Bros. and HBO, rather than a mix of cash and stock, citing its strong cash flow.

Andrew Moran
Andrew Moran
Author
Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."