Streaming group is competing with Paramount over prized studio assets

It is the latest skirmish in the bidding war over Warner Bros Discovery, which is also being pursued by Paramount Skydance.

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.

Streaming group is competing with Paramount over prized studio assets

The switch in its offer comes as Paramount Skydance has campaigned that its bid is superior to Netflix's.

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