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Netflix upgrades Warner Bros. deal

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Netflix has upgraded its offer for Warner Bros. Discovery to an all-cash deal.

The move is meant to stave off takeover bids from Paramount Skydance, according to Variety.

The $27.75 per cash deal between Netflix and Warner Bros. has an $82.7 billion enterprise value.

Shareholders are expected to be able to vote on the transaction by April.

Read more from Variety.

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