Jan. 20 (UPI) -- Netflix announced Tuesday that it has amended its bid to buy Warner Bros. Discovery to an all-cash offer to sweeten the deal for investors, continuing the battle between the streaming giant and Paramount.
The amended offer will allow WBD shareholders to vote sooner because stock deals require more disclosures and documentation. It also means that WBD investors don't have to be concerned with Netflix's changing stock price. The investor vote would have happened in spring or summer. Now, it could happen as early as late February.
WBD's board has unanimously accepted the Netflix offer.
The deal is valued at $27.75 per WBD share. The deal's equity value would be at $72 billion, with a total enterprise value of about $82.7 billion.
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