Netflix, Warner Bros Discovery Amend Agreement To All-Cash Offer: Here’s What WBD Shareholders Will Get

The previous agreement offered WBD shareholders $23.25 in cash, plus $4.50 in Netflix common stock for each share of WBD common stock.
In this photo illustration, a smartphone displays the Netflix logo in front of a large blurred Warner Bros. Discovery emblem. (Photo illustration by Cheng Xin/Getty Images)
In this photo illustration, a smartphone displays the Netflix logo in front of a large blurred Warner Bros. Discovery emblem. (Photo illustration by Cheng Xin/Getty Images)
Profile Image
Rounak Jain·Stocktwits
Updated Jan 20, 2026   |   7:27 AM EST
Share
·
Add us onAdd us on Google

Netflix Inc. (NFLX) and Warner Bros. Discovery Inc. (WBD) on Tuesday announced that they have amended their agreement to acquire WBD into an all-cash deal.

In a joint announcement, the two companies said that the transaction is valued at $27.75 per share, unchanged from the previous offer. However, the previous agreement offered WBD shareholders $23.25 in cash, along with $4.5 in Netflix common stock for each share of WBD common stock.

The new agreement offers WBD shareholders $27.75 per share.

Netflix shares were up 1% at the time of writing, while Warner Bros. Discovery shares were down 0.26%. Retail sentiment on Stocktwits around Netflix trended in the ‘extremely bullish’ territory, while users felt ‘extremely bearish’ about WBD.

Get updates to this developing story directly on Stocktwits.

Also See: ATON Stock Is Soaring Pre-Market – It All Ties Back To Telegram And AI Privacy

For updates and corrections, email newsroom[at]stocktwits[dot]com.

Share
·
Add us onAdd us on Google
Read about our editorial guidelines and ethics policy