Netflix revises its offer for Warner Bros. Discovery. Now, it’s all cash | CNN Business
In an ongoing struggle over the future of Warner Bros. Discovery, Netflix says it is now prepared to pay all cash for Warner Bros. and HBO, rather than a mix of cash and stock.
Netflix and Warner Bros. Discovery, WBD for short, announced the amended plan on Tuesday morning, about six weeks after originally striking the mega-deal that would reshape the entertainment industry.
The companies hope that the new all cash-offer will help fend off Paramount’s hostile takeover bid for all of WBD.
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