Netflix ‘plans to switch to all-cash offer to seal $83bn Warner Bros deal’

AI Summary
Netflix is reportedly planning to offer an all-cash deal for Warner Bros Discovery (WBD) in an effort to expedite the $83 billion acquisition and fend off a competing $108.4 billion hostile takeover bid from Paramount Skydance. The original Netflix deal included cash, stock, and equity in WBD's global networks. The acquisition would give Netflix control of Warner Bros. studios and HBO, but has faced scrutiny from politicians and the entertainment industry. WBD has urged shareholders to reject Paramount's offer, which is supported by a $40 billion guarantee from Larry Ellison. Paramount is attempting to disrupt the Netflix deal by nominating directors to WBD's board. WBD formally put itself up for sale in October and agreed to the Netflix deal in December after interest from multiple parties.
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