Netflix has shifted to an all-cash bid for Warner Bros. Discovery's studio and streaming businesses, keeping the $82.7 billion price unchanged as it seeks to block Paramount's rival attempts to acquire the Hollywood heavyweight.
The new all-cash bid β at $27.75 a share β has βunanimous support from the HBO owner's board, according to a Tuesday regulatory βfiling.
Both Netflix and Paramount Skydance covet Warner Bros. for its leading film and television studios, extensive content library and major franchises such as "Game of Thrones," "Harry Potter" and DC Comics' superheroes "Batman" and "Superman."
Paramount has altered its terms and engaged in an aggressive media campaign to try βto convince shareholders that its bid is
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