Warner Bros. Discovery Aktie News

Netflix sweetened its deal to buy Warner Bros. Discovery's studios and HBO streaming business to an all-cash offer, the companies said Tuesday.

Netflix on Tuesday sweetened its bid for major parts of Warner Bros. Discovery, shifting to an all-cash offer in a move that sharpens its battle with rival suitor Paramount and accelerates the path toward a shareholder vote.

The revised agreement replaces Netflix's earlier cash-and-stock offer and is expected to speed the deal toward a shareholder vote by April.

Netflix adjusted its offer for Warner Bros. Discovery's assets from a mix of cash and stock to an all-cash bid, according to an SEC filing on Tuesday.

The change addresses one of Paramount's arguments of why its buyout bid was better than that of Netflix — it didn't include stock.

Netflix has switched its agreement for Warner Bros. Discovery to an all-cash deal. The new transaction values Warners at $27.75 per share and removes the $4.50 Netflix stock element, which was part of the agreement that beat out Paramount. As previously announced, Discovery Global is not included. Both Netflix and Warner Bros.

The two companies said the amended offer would give Warner investors more certainty and accelerate a shareholder vote.

The media company also released financial details on its soon-to-be spun-off cable networks.