Netflix is throwing cash on the table. No more stalking
Of course, WBD’s management has said from the beginning that it does not approve of Paramount’s offer and believes that the only right way is to take over the assets from Netflix. The problem is that he had little say in the matter, because it is the owners of the shares who decide whether to sell them to someone, not the management, which… well, only manages the assets that do not belong to them for the most part.
Initially, Netflix promised that it would pay for the acquisition of WBD with various assets, including money and its own shares. This amounts to USD 27.75 for a single WBD share, of which USD 23.25 was to be paid in cash and USD 4.5 in shares. The current proposal looks completely different: Netflix still offers USD 27.75, but this time the entire amount is to be paid in cash.
This move is intended to convince WBD shareholders, which… may not necessarily succeed. That’s because Paramount is promising $30 per share. Additionally, it intends to buy all the company’s assets, unlike Netflix, which is resigning from taking over the department responsible for terrestrial television outside the HBO banner, i.e. channels such as TVN.
