Netflix Plans All-Cash Offer for Warner Bros Amid Competitive Takeover Battle

Netflix is preparing an all-cash offer to acquire Warner Bros Discovery's studios and streaming businesses, aiming to expedite a sale that may take months. Warner Bros has favored Netflix's bid, citing lower financing risk, despite a higher all-cash offer from Paramount backed by significant equity financing. The bidding war involves prized franchises like "Harry Potter" and "Game of Thrones" and faces opposition from politicians and rival bidders. Netflix's original deal included cash and stock, but it is now considering revising terms amid fluctuating share prices and financing arrangements.