Forbes·2026-01-20 12:50Core Viewpoint - Netflix has revised its bid for Warner Bros. Discovery's studios and streaming business to an all-cash offer of $27.75 per share, aiming to counter a competing bid from Paramount Skydance [1][2]. Group 1: Bid Details - The new offer is entirely in cash, providing "enhanced certainty" for Warner's shareholders, eliminating concerns over Netflix's stock price fluctuations [2]. - The original bid included a combination of cash and stock, offering $23.25 in cash and $4.50 in Netflix shares per WBD share [3]. - The revised cash offer of $27.75 per share represents an increase from the previous bid, indicating a strategic move to expedite the acquisition process [3]. Group 2: Timeline and Expectations - Netflix anticipates that Warner Bros. Discovery shareholders will vote on the revised offer by April 2026, suggesting a timeline for the acquisition process [2].