The switch in its offer comes as Paramount Skydance has campaigned that its bid is superior to Netflix's.
The switch in the offer comes as Paramount Skydance has campaigned that its bid is superior to Netflix’s.
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Netflix has switched to an all-cash offer for Warner Bros Discovery’s studio and streaming assets without increasing the $82.7bn price in a bid to shut the door on Paramount’s rival efforts to snag the Hollywood giant.
The new all-cash bid – at $27.75 a share – has unanimous support from the Warner Bros board, according to a Tuesday regulatory filing.
It is the latest skirmish in the bidding war over Warner Bros Discovery, which is also being pursued by Paramount Skydance.
Aim is to speed up acquisition of WBD studio and streaming businesses and hold off rival Paramount bid
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Warner Bros said Paramount's revised offer includes a purchase price of $31.00 per share in cash, a one-dollar-per-share increase…
Netflix updates Warner Bros bid to all-cash offer
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