Netflix amends Warner Bros Discovery deal to all-cash offer

Netflix on Tuesday announced that it amended its deal to buy Warner Bros. Discovery's studios and HBO Max streaming business to an all-cash offer.

The deal is still priced at $27.75 per share, the same as before. The overall value of Netflix’s offer remains $72 billion.

Warner Bros. Discovery stockholders will receive additional value in the form of shares in Discovery Global once it splits off from the company. Netflix plans to pay for the deal using its existing cash, credit lines and financing it has already lined up.