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International Business Times
International Business Times
Business

Netflix Switches to Cash Offer for Warner Bros, Aiming to Close Door on Paramount

Netflix Warner Bros Paramount Discovery Global Paramount Skydance

Netflix has shifted to an all-cash offer for Warner Bros Discovery's (WBD) studio and streaming assets, keeping the $82.7 billion valuation the same, in a strategic move to block rival Paramount Skydance from acquiring the Hollywood giant.

The new offer values WBD at $27.75 per share and has received unanimous support from Warner Bros' board, according to a Tuesday regulatory filing.

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