Netflix sweetens £62bn offer for Warner Bros in Hollywood bid battle

Warner Bros has found itself at the centre of a bidding war between Netflix and Paramount - Mario Tama/Getty Netflix has sweetened its $83bn (£62bn) takeover bid for Warner Bros after tabling a new cash-only offer to fend off rival Hollywood bidder Paramount. The streaming giant on Tuesday said it would offer $27.75 per share in cash. Shareholders had previously been offered $23.25 in cash and $4.50 of Netflix shares, a deal Paramount had labelled too “complex”. Netflix and Paramount, run by David Elli ...