Netflix (NFLX) is working on revised terms for it Warner Bros. Discovery (WBD) purchase and is considering making its offer all cash for the company’s studios and streaming businesses.
The changes are part of an effort to speed up a sale that’s expected to take months to close and comes as rival bidder Paramount Skydance (PSKY) has offered an all-cash $30 a share, according to a Bloomberg report on Tuesday, which cited people familiar with the matter.
Warner Bros. rose 1.1%, while Netflix gained 1.3%.
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