Netflix Reportedly Makes Majority Cash Offer in Bid to Acquire Warner Bros. Discovery

Netflix has reportedly put forward a mostly cash-backed offer to acquire Warner Bros. Discovery, signaling one of the boldest potential shakeups the entertainment industry has seen in years. According to early reports, Netflix’s proposal marks a serious move to expand its content empire by bringing Warner’s vast portfolio—HBO, DC, CNN, Discovery, and more—under the Netflix umbrella. The bid is said to be structured primarily in cash, a tactic designed to stand out amid industry skepticism and to strengthen Netflix’s position as the dominant global streaming powerhouse. While discussions are still in early stages and no agreement has been finalized, analysts say the acquisition could redefine the competitive landscape overnight.