WBD Vote on Netflix Deal Accelerated to March

WBD Shareholders to Vote on Netflix Deal in March

Warner Bros. Discovery (NASDAQ:WBD) shareholders are expected to vote on the company's acquisition by Netflix (NASDAQ:NFLX) in March. This new timeline, reported by CNBC, marks a significant acceleration from the previously anticipated deadline of April 2026, signaling a push to finalize the transaction.

Revised Deal Structure and Timeline

The companies have amended their agreement to an all-cash transaction valued at $27.75 per WBD share. This revision is designed to eliminate market-based price fluctuations and provide greater value certainty for WBD stockholders. As part of the deal, shareholders will also receive shares of Discovery Global after its separation from WBD.

Netflix's Financial Strategy

Netflix intends to finance the acquisition through a combination of its cash reserves, existing credit facilities, and newly committed financing. The company has stated that its robust cash flow generation allows for an all-cash structure while ensuring its balance sheet remains healthy and stable post-transaction.

Summary and Outlook

The accelerated timeline and shift to an all-cash offer provide clarity for investors. The upcoming shareholder vote in March is the next critical milestone. Market participants will closely monitor the outcome, which will determine the future of this major media consolidation.

FAQ

Q: When is the WBD shareholder vote on the Netflix deal?
A: The vote is now expected to take place in March, which is much earlier than the previous April 2026 timeline.

Q: What are the terms of the revised acquisition offer?
A: The deal is now structured as an all-cash transaction valued at $27.75 per Warner Bros. Discovery share.

Source: investing.com