Bloomberg Intelligence Netflix Weighs Amending Warner Bros. Bid to Make It All Cash
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Jan 14, 2026 Alexandra Semenova discusses Netflix's potential shift to an all-cash offer for Warner Bros., emphasizing the competitive landscape with Paramount. Mandeep Singh reveals Meta's controversial job cuts in Reality Labs, redirecting towards AI while grappling with investor concerns. Matthew Boyle lays out a playbook for CEOs navigating Trump's political landscape, highlighting the increased risks and the need for direct engagement. Together, they unpack the intricate dynamics of media acquisitions and the evolving tech landscape.
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Netflix Faces A Time-Sensitive Valuation Problem
- Netflix is racing the clock as its stock fell ~25% since pursuing Warner Bros, raising doubts about using equity in the bid.
- Moving to an all-cash offer could calm Warner shareholders but intensifies competition with Paramount Skydance.
Sweeten Offers To Win Shareholder Support
- Expect Netflix to consider an all-cash offer to reassure Warner shareholders worried about equity dilution.
- Watch for Paramount Skydance to respond since the January 21 tender deadline pressures the process.
Bidders' Motivations Differ Sharply
- Paramount Skydance likely won't concede because it needs Warner's assets more urgently than Netflix does.
- Netflix views the deal as nice-to-have, while Paramount sees it as mission-critical.