Netflix changes and Warner Brothers explore merger plan, will acquire in all cash deal.

On January 20, Netflix submitted documents to the U.S. Securities and Exchange Commission indicating that the company and Warner Bros. have been exploring a revised merger agreement. Both parties have agreed to amend the previously announced transaction structure, specifying that Netflix will pay all the merger consideration of $27.75 per share to Warner Bros. shareholders in cash rather than a combination of cash and common stock.