Netflix wants to buy Warner Bros in cash

Netflix plans to submit a cash-only offer for Warner Bros Discovery's film studios and streaming division. Although Paramount offered a higher amount—$108.4 billion for the entire company—Warner Bros management favors Netflix's proposal, mainly because of the lower debt risk.

Paramount's offer includes extensive credit financing, which, according to the board, increases the risk of the transaction failing. Warner Bros. is therefore leaning towards Netflix, even though its $82.7 billion offer covers only part of the business.

Warner's strengths include an extensive library of titles, including "Harry Potter" and "Game of Thrones," making the deal one of the most closely watched acquisitions in Hollywood.

Paramount, meanwhile, has taken legal action to obtain more information about the negotiations with Netflix. At the same time, it has declared its intention to nominate its own candidates to the board of directors.

Netflix is prepared to pay a high fee if the regulatory authorities do not approve the deal.

(reuters, pir)