Netflix revises offer to pay all cash for Warner Bros to stave off Paramount

In Brief In an effort to sweeten the pot for Warner Bros. Discovery (WBD) shareholders, Netflix is now offering cash for shares of the company, revising the cash-and-stock deal it had struck with WBD’s board earlier. However, the streaming giant is still offering the same $27.75 the companies had agreed on for WBD’s movie studio and streaming assets, and the deal continues to value the company at $82.7 billion. The new offer serves to simplify the deal structure, the companies said in a statement on Tuesda ...