The offer will likely be modified to include all cash amounts

Netflix It is likely to adjust its offer to Warner Bros. Discovery assets, and made an all-cash offer, CNBC’s David Faber reported on Wednesday.

In December, Netflix reached a deal to buy WBD’s streaming platform HBO Max and its Warner Bros. film studio. In a deal consisting of cash and shares. The deal is currently valued at $27.75 per WBD share. This would put the value of the deal’s shares at $72 billion, with a total enterprise value of about $82.7 billion.

Bloomberg first reported this week that Netflix is ​​considering adjusting its offering to be all-cash.

The revised offer will allow WBD shareholders to vote to approve the offer on a faster timeline, Faber reported, citing sources familiar with the matter.

Under the current agreement, shareholders are expected to vote on the deal in the spring or early summer, Faber said. Faber added that equity deals typically mean issuing more financial and accounting statements as part of the approval request, which requires more time and expense.

If Netflix makes its all-cash offer, the shareholder vote could move to late February or early March, Faber reported.

Change will come as well Paramount Skydance It intensified its aggressive campaign to acquire all of Warner Bros.’s franchises. Discovery.

Earlier this week, Paramount filed a lawsuit against Warner Bros. Discovery and CEO David Zaslav for more information on why the company’s board continues to reject its $30 per share offer for Netflix.

Paramount has repeatedly argued that its deal is superior in terms of value, given the estimated value of Warner Bros.’ Discovery television networks. She also modified her bid to shore up her support oracle Co-founder and billionaire Larry Ellison, father of Paramount CEO David Ellison.