Netflix revises Warner Bros. bid to an all-cash offer

Netflix has updated the acquisition presumption for its Warner Bros. Discovery connection to an all-cash deal, replacing its archetypal $82.7 cardinal currency and banal agreement. The changes are designed to expedite the sale of WBD studios and streaming businesses, pursuing repeated attempts by rival bidder Paramount to unit shareholders into accepting its ain $108 cardinal all-cash offer.

"The WBD Board continues to enactment and unanimously urge our transaction, and we are assured that it volition present the champion result for stockholders, consumers, creators, and the broader amusement community," said Ted Sarandos, co-CEO of Netflix. "Our revise …

Read the afloat communicative astatine The Verge.