Netflix intensifies bid for Warner Bros making its $72 billion offer all cash

Netflix is now offering to buy Warner Bros Discovery’s studio and streaming business in all cash – in an effort to win over the Hollywood giant’s shareholders for its $72 billion merger and potentially thwart a hostile bid from Skydance-owned Paramount.

Back in December, Netflix struck a cash and stock deal with Warner valued at $27.75 per share, giving it a total enterprise value of $82.7 billion, including debt. But on Tuesday, the companies announced that they would be revising the transaction to simplify its structure,