Netflix shareholders could be voting on their acquisition deal of Warner Bros in March, as per a Reuters report. CNBC was the first to report on the possibility of a vote.
The update comes after prominent rivals to Netflix—Paramount Skydance, and Comcast—put out lucrative bids for Warner Bros, of which the most hostile bid came from Paramount, an offer of $108.4 billion for the company, an all-cash bid.
Netflix has also sweetened the pot by making its $82.7 billion enterprise bid an all-cash bid.
However, HBO is still waiting on a preliminary proxy statement after which they should be able to arrange a vote.
There are multiple implications running through this deal, some of which include monopoly concerns, significant consequences for the U.S. entertainment industry, and a more comprehensive set of movies and T.V. shows under Netflix’s purview.
At the time of writing, Netflix’s shares were trading at $83.12, down by 0.46%.