Netflix switches to all-cash offer in battle for Warner Bros Discovery
Streaming group is competing with Paramount over prized studio assets
Streaming group is competing with Paramount over prized studio assets

Streaming service could convert terms for celebrated studio as Ellison-led rival appeals directly to shareholders

Studio sale stands to undercut earnings for virtually every other segment of the industry regardless of the buyer

Streaming giant says it makes up a relatively low share of US ‘TV time’ in quarterly letter to shareholders

Ellison-led group says it will nominate directors to counter Netflix deal for fabled studio

David Ellison is keeping his powder dry since WBD shareholders do not vote on rival Netflix deal until March at earliest

Media group adds ‘ticking fee’ to give shareholders additional payment for every quarter deal does not close