Netflix sweetens Warner Bros bid with all-cash offer to block Paramount

Streaming company says proposal speeds up completion and allows WBD investors to vote as soon as April Netflix has sweetened its $82.7bn (£61.5bn) offer for the studios and streaming businesses of Warner Bros Discovery (WBD) by making it an all-cash deal, streamlining its potential completion in the face of a hostile bid from Paramount Skydance . The streaming company had originally secured the unanimous backing of the WBD board last month with a cash-and-shares proposal that valued the business at $27.75 a share. Continue reading…