Netflix working on revised terms for Warner Bros buyout: Bloomberg
The news: Netflix is working on revised terms for its Warner Bros Discovery acquisition, including plans to make its offer all cash, Bloomberg reported.
The context: The companies announced last month that they had agreed to a USD72 billion ($108 billion) cash-and-stock deal.
The proposed changes are aimed at expediting the sale process, according to the report, following opposition from politicians and a rival bid by Paramount Skydance.
Paramount Skydance has since sued Warner Bros as it persists with a hostile takeover of the company.
The source: Bloomberg