Netflix shifts to all-cash offer for Warner Bros. Discovery in bidding war with Paramount Skydance

LOS ANGELES, Jan. 20 (Xinhua) -- Netflix announced Tuesday it has revised its nearly 83 billion U.S. dollar bid for Warner Bros. Discovery (WBD) to an all-cash offer amid an escalating bidding war with Paramount Skydance.

In a joint statement, Netflix and WBD said the revised agreement "simplifies the transaction structure, provides greater certainty of value for WBD stockholders, and accelerates the path to a W