BusinessJanuary 21, 2026

Netflix Changes to an All-Cash Offer for Warner Bros. Discovery

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② Start Lesson

Key Vocabulary

shareholder/ˈʃɛərˌhoʊldər/

a person or group that owns shares in a company

"A shareholder will vote on the deal."

cash/kæʃ/

money in the form of bills or coins; immediate money

"Netflix offered cash to buy the shares."

vote/voʊt/

to choose by expressing an opinion or decision

"Shareholders will vote in April 2026."

Listening

Netflix Changes to an All-Cash Offer for Warner Bros. Discovery

Netflix has changed its offer for Warner Bros. Discovery to an all-cash deal. The company will pay $27.75 per WBD share for the studio and streaming business. Shareholders will also receive shares in Discovery Global after it is separated.

Both boards approved the revised agreement and WBD has filed documents for a faster vote. A WBD stockholder vote is expected in April 2026. Netflix will fund the deal with cash on hand, bank credit and committed financing. The change gives more certainty to WBD stockholders. Regulatory approval is still needed.

90 words

Quiz

1. What price per share will Netflix pay in the revised offer?

2. When is the WBD stockholder vote expected?

3. Which company made a competing offer of $30 per share?

Reading Practice

Read the article from the Listening section aloud. Your AI teacher will give you pronunciation feedback.

Discussion

Do you follow news about big companies buying other companies? Why or why not?

Have you ever voted in a group decision? What happened?

What would make you support or oppose a large company buying a media company?