Netflix Offers $83 Billion in Cash for Warner Bros. Acquisition

Netflix has officially agreed to an $83 billion cash deal in the bidding war against Paramount to acquire Warner Bros. Discovery.

The streaming giant had previously made an $82.7 billion offer to Warner Bros. Discovery where roughly 84% of the payout would be cash. The rest would be paid out in stocks, making it a much riskier decision for WBD—as the payout would decrease if Netflix's stock price fell. Paramount's offer proposed a 100% cash payout, making it a more secure choice for WBD's stakeholders.