Core Viewpoint - Netflix is reportedly planning to revise its $82.7 billion deal to acquire Warner Bros. Discovery into an all-cash offer to counter Paramount Skydance's hostile bid [1]. Group 1: Deal Structure - The original agreement valued WBD's assets at $27.75 per share, with $4.50 payable in Netflix stock [3]. - Paramount has made a competing offer of $30 per share in cash for WBD, which includes its cable television division [3]. Group 2: Competitive Pressure - Paramount is pressuring WBD to reconsider its terms by offering a higher bid and has initiated a lawsuit for financial transparency [4]. - Paramount's CEO, David Ellison, has accused WBD's board of refusing to engage in negotiations regarding the proposed deal [5]. Group 3: Timeline and Reactions - Netflix's original deal was agreed upon in early December, shortly before Paramount made its $108 billion bid for the entirety of WBD [6]. - WBD has already rejected Paramount's bid twice [6].