Netflix ups its offer for Warner Bros. Discovery to all cash, aiming to win approval amid regulatory and internal challenges.

Netflix has revised its $72 billion acquisition offer for Warner Bros. Discovery to be entirely cash-based, replacing the original mixed-stock-and-cash proposal. The shift aims to simplify the deal and boost approval chances amid regulatory scrutiny and integration concerns. While financial details remain undisclosed, the change reflects Netflix’s push to address shareholder and board concerns. The move comes as negotiations intensify ahead of regulatory deadlines, though no official confirmation has been made. The deal still faces potential hurdles from antitrust regulators and internal resistance.