Netflix Weighs Amending Warner Bros. Bid to Make It All Cash

Group 1 - Netflix is revising terms for its acquisition of Warner Bros. Discovery, considering an all-cash offer for the studios and streaming businesses to expedite the sale process [1] - The original agreement included $23.25 in cash and $4.50 in Netflix stock for Warner Bros. shareholders, with adjustments if Netflix shares fell below $97.91; Netflix shares have dropped about 25% since the acquisition pursuit began [2] - Netflix has secured $59 billion in financing from Wall Street banks, one of the largest bridge loans ever, and has refinanced $25 billion with longer-term debt, maintaining robust credit ratings [3][4] Group 2 - Paramount Skydance Corp. is actively trying to disrupt Netflix's acquisition of Warner Bros., launching a tender offer and extending a personal guarantee for $40.4 billion in funding [5] - Paramount plans to nominate directors to the Warner Bros. board to block the Netflix deal [6] - Following the news of Netflix's discussions, Warner Bros. shares rose 1.6% to $28.86, while Netflix shares increased by 1% to $90.32 [7]