The all-cash offer could mean a shareholder vote on the deal takes place in three months, an «accelerated» timeline, a joint statement said.
Netflix has boosted its offer for media giant Warner Bros Discovery (WBD) as it seeks to fend off a hostile takeover from entertainment conglomerate Paramount.
The streaming giant is now offering to pay cash, not just Netflix shares, in an attempt to improve the attractiveness of its offer.
The total value of the deal, $82.7bn (£61.4bn), is unchanged, but now shareholders will receive cash rather than a part ownership of Netflix.
The amount each WBD shareholder would receive is also unchanged at $27.75 (£20.63) per WBD share. The value price per share means Netflix’s offer equates to $72bn (£53.50bn), but the deal gives the assets a total value of $82.7bn.
Money blog: Date of next interest rate cut may have just become clearer
Such an offer «simplifies» the purchase, «provides greater certainty of value» for WBD stockholders, and an «expedited timeline» for WBD stockholders to vote on Netflix’s proposal, according to a statement from Netflix and WBD.
