Netflix Revises Warner Bros. Deal to All-Cash Offer Amid Competing Bid from Paramount

Netflix has revised its $82.7 billion offer to acquire Warner Bros. Discovery's studios and streaming assets to an all-cash deal at $27.75 per share, aiming to expedite shareholder approval and counter Paramount's competing bid. Warner Bros. plans to spin off its cable networks into a separate company, Discovery Global. Netflix's fourth-quarter results showed solid revenue and subscriber growth but forecast slower profit and revenue growth ahead, partly due to increased content spending and acquisition costs. The bidding war continues amid differing valuations and strategic priorities.