Netflix Amends Warner Bros. Deal to All Cash in Bidding War

Netflix has amended its deal to acquire Warner Bros. Discovery's studio and streaming business, paying the full $27.75 per share in cash. The change comes after Paramount urged investors to tender their shares in a competing bid. Warner Bros. plans to hold a special meeting to approve the deal, with investors set to vote by April. The deal could reshape the entertainment industry and neutralize Paramount's criticism of Netflix's original offer.