Netflix Intensifies Bid for Warner Bros Making Its $72 Billion Offer All Cash

BURBANK, CALIFORNIA – SEPTEMBER 12: An American flag flies at Warner Bros. Studio on September 12, 2025 in Burbank, California. Media giant Paramount Skydance is reportedly preparing a bid to purchase Warner Bros. Discovery, including its movie studio and cable networks. (Photo by Mario Tama/Getty Images)

Netflix is now offering to buy Warner Bros. Discovery’s studio and streaming business in an all-cash deal. This move aims to win over Warner’s shareholders for a $72 billion merger and counter a bid from Paramount. On Tuesday, Netflix and Warner announced a revised transaction to simplify the structure and speed up a shareholder vote. The all-cash offer is valued at $27.75 per Warner share. Warner’s leadership supports the merger with Netflix. Meanwhile, Paramount has made a $77.9 billion offer and plans a proxy fight. The sale could face antitrust scrutiny and political influence.