The revised agreement replaces Netflix's earlier cash-and-stock offer and is expected to speed the deal toward a shareholder vote by April.
Netflix adjusted its offer for Warner Bros. Discovery's assets from a mix of cash and stock to an all-cash bid, according to an SEC filing on Tuesday.
This is a developing story.
The change addresses one of Paramount's arguments of why its buyout bid was better than that of Netflix — it didn't include stock.
Netflix submitted an amended all-cash offer for Warner Bros Discovery's studio and streaming businesses, winning the unanimous support from the HBO owner's board without increasing the $82.7 billion purchase price, according to a regulatory filing on Tuesday.
While investors don't seem to happy that Netflix CEO Ted Sarandos has moved to acquire Warner Bros. Discovery, analysts say Netflix's business fundamentals remain strong and are predicting strong ad growth ahead.
Expectations for Netflix Inc. into Q4 have remained stable since July 2025. In the spring quarter, Management highlighted that the Ad Tier enables lower prices. Netflix remains upbeat about the long-term opportunity, given the size of its user base.
While near-term revenue and margin trends will set the immediate tone, Netflix's earnings call is likely to have a much broader impact on market sentiment.
It's vital to know that splits are purely cosmetic changes that do not affect a company's valuation.
Investors are eying Netflix (NFLX) stock when markets reopen on Tuesday, January 20, as the streaming giant is scheduled to report its Q4 results after market hours.
Netflix is set to report fourth-quarter earnings after the market closes Tuesday, with traders anticipating a big swing in the streaming giant's stock following the results.