Netflix strengthens its Warner Bros. bid as Paramount's David Ellison tries to wreck its deal

Netflix is breaking open its piggy bank to keep Paramount Skydance CEO David Ellison from crashing its Warner Bros. deal. The streaming giant just sweetened its offer for the Warner Bros. studio and HBO by offering all-cash, matching a key feature of Paramount's hostile bid."Our revised all-cash agreement will enable an expedited timeline to a stockholder vote and provide greater financial certainty," Netflix co-CEO Ted Sarandos said in a statement announcing the news. While Netflix isn't raising its bid ...