Netflix Reportedly Prepares All-Cash Bid For Warner Bros. As Paramount Turns Up Heat On Takeover Battle

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RegExp("[?&]notifications=1(&|#|$)");"desktop"===y&&i&&b.test(window.location.search)&&(i.checked=!0)};ge("ybar-mod-notification",(function(e){var t={isUH3:"crunch"===e.getConfig().ytheme,notifContainer:document.getElementById("notification-container"),notifBadge:document.getElementById("notif-badge"),notifMenu:document.getElementById("ybarNotificationMenu"),notifMenuOpener:document.querySelector("#ybarNotificationMenu + label"),notifDropdown:document.getElementById("notifDropdownContainer"),tooltipContainer:document.querySelector(".".concat($n)),notifLabel:document.querySelector(".".concat(Xn))};t.notifDropdown&&so(e,t)}))}()}};]]>Eva MathewFri, January 16, 2026 at 3:31 AM GMT+1 2 min readNetflix Inc. (NASDAQ:NFLX) is reportedly preparing to revise the terms of its $82.7 billion deal to buy Warner Bros. Discovery (NASDAQ:WBD) to make it an all-cash offer, as it seeks to fend off Paramount Skydance’s (NASDAQ:PSKY) hostile bid.The revised deal, aimed at offering WBD shareholders a quicker and simpler transaction, is still under negotiation and may change, the Financial Times reported on Tuesday, citing people familiar with the matter.Netflix and WBD did not immediately respond to Benzinga‘s requests for comment.Don't Miss:The AI Marketing Platform Backed by Insiders from Google, Meta, and Amazon — Invest at $0.85/ShareMissed the AI Boom's Biggest IPOs? This Platform Lets Everyday Investors Access Private Tech EarlyThe original agreement values WBD’s studio and streaming assets at $27.75 per share, with $4.50 payable in Netflix stock. Paramount, led by David Ellison, has offered $30 per share in cash for WBD, including its cable television division, and threatened a proxy fight to overhaul WBD’s board.Netflix’s potential move comes as Paramount pressures WBD to reconsider its terms by offering a higher bid and initiating a lawsuit for financial transparency. Paramount argues that without this transparency, shareholders cannot properly assess its offer.See Also: If there was a new fund backed by Jeff Bezos offering a 7-9% target yield with monthly dividends would you invest in it?Ellison has repeatedly accused WBD’s board of refusing to engage or negotiate any of the terms of Paramount’s proposed deal. But he maintains that he is open to “constructive discussions” with Warner Bros.’ board.Netflix’s original deal was agreed in early December. Almost immediately after this, Paramount took its $108 billion bid for the entirety of WBD, including its cable television division behind CNN, directly to shareholders.WBD, which owns HBO studios, has already rejected Paramount’s bid twice.Read Next: Missed Tesla? EnergyX Is Tackling the Next $200 Billion Opportunity — LithiumWall Street's $12B Real Estate Manager Is Opening Its Doors to Individual Investors — Without the Crowdfunding MiddlemenImage via ShutterstockUp Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market.Get the latest stock analysis from Benzinga:APPLE (AAPL): Free Stock Analysis ReportTESLA (TSLA): Free Stock Analysis ReportThis article Netflix Reportedly Prepares All-Cash Bid For Warner Bros. 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