Netflix Inc. is working on revised terms for its Warner Bros. Discovery Inc. acquisition and has discussed making an all-cash offer for the company’s studios and streaming businesses, people familiar with the discussions said.
The changes are designed to expedite a sale that will take months to close and has faced opposition both from politicians and rival bidder Paramount Skydance Corp. Institutional investors have been divided in their support.
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Under the original agreement, Warner Bros. shareholders were to receive $23.25 in cash and $4.50 in Netflix common stock, with certain adjustments in place if shares ...
