Netflix and Warner Bros. Discovery logos, in this illustration created on Dec. 5, 2025. Dado Ruvic/ReutersStreaming titan Netflix has adjusted its offer for Warner Bros. Discovery, according to a Jan. 20 Securities and Exchange Commission filing.Netflix stated that it will now pay all cash for Warner Bros. and HBO, rather than a mix of cash and stock, citing its strong cash flow.
Netflix Counters Paramount With AllCash Proposal for Warner Bros.
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