Investing.com -- Netflix stock rose 0.7% Monday morning despite broad weakness in the Nasdaq 100, which fell 1.8%, after the streaming giant and Warner Bros. Discovery amended their merger agreement to an all-cash transaction.

The revised deal maintains the previously announced valuation of $27.75 per WBD share but eliminates the stock component, providing WBD shareholders with greater certainty of value. The amendment comes amid ongoing challenges from Paramount-Skydance to acquire Warner Bros. Discovery.

According to the companies, the all-cash structure will accelerate the timeline for a WBD stockholder vote, which is now expected by April 2026. WBD has already filed its preliminary proxy statement with the SEC to support this expedited process.

"Our revised all-cash agreement demonstrates our commitment to the transaction with Warner Bros. and provides WBD stockholders with an accelerated process and the financial certainty of cash consideration, while maintaining our commitment to a healthy balance sheet and our solid investment grade ratings," said Greg Peters, co-CEO of Netflix.

The transaction will be financed through a combination of cash on hand, available credit facilities, and committed financing. Netflix emphasized that its strong cash flow generation supports the revised structure while preserving financial flexibility.

As previously announced, WBD will separate Warner Bros. and Discovery Global into two separate publicly traded companies before the Netflix acquisition closes. WBD stockholders will receive both the cash consideration and shares of Discovery Global following the separation.

The deal remains subject to regulatory approvals, WBD stockholder approval, and other customary closing conditions, with an expected closing timeline of 12-18 months from the original merger agreement date.