Jan 13 (Reuters) – Netflix is working on revised terms for Warner Bros Discovery and has discussed making its offer all cash for the company’s studios and streaming businesses, Bloomberg News reported on Tuesday, citing people familiar with the talks.
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 , according to the report.
Netflix and Warner Bros did not immediately respond to Reuters’ requests for comment.
Paramount and Netflix are in a heated battle to acquire the company’s prized film and television studios and its extensive content library, which includes “Harry Potter” and the DC Comics universe.
Paramount on Monday sued Warner Bros for more information on its $82.7 billion deal with Netflix and said it planned to nominate directors to Warner Bros’ board.
Shares of Netflix and Warner Bros were up about 1% each.
(Reporting by Zaheer Kachwala in Bengaluru; Editing by Anil D’Silva)
