Netflix is preparing to make its bid for Warner Bros. Discovery’s studios and HBO Max streaming business all-cash, according to people familiar with the matter, as Paramount Skydance continues pushing its competing offer.
Netflix struck a $72 billion cash-and-stock deal with Warner in December. Making it all cash would simplify Netflix’s deal and could sway some shareholders who have been weighing the two offers.
Paramount made a hostile all-cash $77.9 billion bid for Warner; it has accused the company of not meaningfully engaging with it.
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