Netflix ‘plans to switch to all-cash offer to seal $83bn Warner Bros deal’

Wed, 14 Jan 2026

Aim is to speed up acquisition of WBD studio and streaming businesses and hold off rival Paramount bid

Netflix is reportedly preparing to switch to an all-cash offer to seal its takeover of the studios and streaming businesses of Warner Bros Discovery (WBD), as it tries to speed up the deal and fend off a rival hostile bid from Paramount Skydance.

The changes to Netflix’s $83bn (£62bn) offer, first reported by Bloomberg, are designed to accelerate the acquisition, which is expected to take months to conclude, and make it more palatable for WBD shareholders.