Netflix vs Paramount: The intense battle for Warner Bros. heats up with $83bn cash pivot

Netflix has made an important change to its massive deal to buy Warner Bros. The streaming company is now offering only cash, instead of a mix of cash and Netflix shares. This update has shaken up an already intense battle over who gets to own one of the world’s most famous entertainment companies. The new deal puts extra pressure on a rival bid from Paramount, which has been arguing that its own offer is simpler, faster, and worth more money to shareholders.