Netflix submits amended all-cash offer for Warner Bros, wins board support

Los Angeles: Netflix switched to an all-cash offer for Warner Bros Discovery’s studio and streaming ⁠businesses with unanimous support from the HBO owner’s board without increasing the $82.7 billion price, in an effort to close the door on rival Paramount’s efforts.

Both Netflix and studio operator Paramount covet Warner Bros for its leading film and television studios, extensive content library and major franchises such as “Game of Thrones,” “Harry Potter” and DC Comics’ superheroes ‌Batman and Superman.