Netflix Revises Warner Bros. Deal to All-Cash Offer Amid Paramount Rivalry

Netflix has revised its $82.7 billion offer to acquire Warner Bros. Discovery's studio and streaming assets into an all-cash deal, paying $27.75 per share, with unanimous support from Warner Bros.' board. This move aims to expedite shareholder approval and counter Paramount's competing $30-per-share cash bid for the entire company, including cable networks. Warner Bros. plans to spin off its cable channels into a separate entity, Discovery Global, whose valuation remains contested. The bidding war continues amid differing views on deal value and structure.