Warner Bros

WBD

Market cap $71.6B

Netflix looks like it's not willing to leave anything up to chance in its bid for Warner Bros. Discovery.

Netflix has discussed revising its cash-and-stock deal for the Warner Bros. studios and streaming assets to all cash, according to a Bloomberg report. The shift would come as Paramount continues to tout its hostile $30-a-share all-cash offer for Warner Bros.

Companies had struck $72 billion cash-and-stock deal in December.

Netflix is working on revised terms for its Warner Bros. Discovery acquisition and has discussed making an all-cash offer for the company's studios and streaming businesses, people familiar with the discussions said.

Netflix is working on revised terms for its Warner Bros Discovery acquisition and has discussed making its offer all cash for the purchase of the company's studios and streaming businesses, Bloomberg News reported on Tuesday.

Paramount filed a lawsuit to compel Warner Bros. Discovery to provide details behind its decision to be acquired by Netflix.

Paramount Skydance is taking another step in its hostile takeover bid of Warner Bros. Discovery, saying Monday that it will name its own slate of directors before the next shareholder meeting of the Hollywood studio.

Tom Rogers looks at how much the takeover of Warner Bros. matters to TV viewers, policy makers, Hollywood and shareholders.

The chatter comes as the brain trust at Paramount Skydance – run by Hollywood director David Ellison and his mega billionaire father Larry Ellison – announced they are launching a proxy fight for control of the board and filing a lawsuit in Delaware.

Paramount has sued Warner Bros. Discovery seeking specific numbers and calculations the board used to rebuff its $30 a share cash offer in favor of a deal with Netflix, claiming WBD advised shareholders to reject its tender offer “without disclosing basic, fundamental pieces of information.