Netflix is likely to amend its offer for Warner Bros. Discovery's streaming and studio business after reaching an earlier agreement in December.

Aim is to speed up acquisition of WBD studio and streaming businesses and hold off rival Paramount bid

Netflix is likely to amend its offer for Warner Bros. Discovery's streaming and studio business after reaching an earlier agreement in December.

Netflix is considering raising its offer for Warner Bros. Discovery to a cash offer, making the vote to accept it come months earlier, reports said.