Netflix Considers Revising Warner Bros Bid to All-Cash Offer, Reports Bloomberg News

• Netflix is discussing changing its acquisition offer to an all-cash structure
• The deal would focus on Warner Bros Discovery's studios and streaming business units
• The revision suggests Netflix is actively negotiating terms to complete the major media industry consolidation

Netflix-Warner Bros Discovery Deal Summary

Key Development: Netflix is revising its acquisition bid for Warner Bros Discovery, considering an all-cash offer structure, according to Bloomberg News reports on January 13, 2026.

Transaction Details:

• Netflix is working on revised terms for the acquisition
• The proposed all-cash offer would target Warner Bros Discovery's studios and streaming businesses specifically, rather than the entire company
• No specific dollar amounts or valuation figures were disclosed in the report

Companies Involved:

• Netflix: The streaming giant serving as acquirer
• Warner Bros Discovery: The target company, which would sell its studios and streaming assets

Market Context:

This development represents a significant potential consolidation in the media and entertainment sector. An all-cash structure typically signals strong buyer confidence and can expedite deal completion by eliminating stock-related complications and shareholder approval complexities.

Sector Implications:

The transaction would further concentrate streaming and content production capabilities, allowing Netflix to acquire established studio operations and additional streaming infrastructure. This follows ongoing industry consolidation as traditional media companies and streaming platforms seek scale advantages in an increasingly competitive landscape.

Related Activity:

Reuters reported concurrent developments in the sector, including a Paramount-related lawsuit filing by Warner Bros Discovery just 23 hours prior, suggesting heightened M&A activity and competitive positioning among media conglomerates.

Next Steps:

No timeline for the revised offer or deal completion was provided. The all-cash structure discussion indicates negotiations remain active, though formal terms have not been publicly announced.