Netflix Preparing to Make Warner Bid All-Cash

Netflix

NFLX

decrease; red down pointing triangle is preparing to make its bid for Warner Bros. Discovery’s WBD -0.80%decrease; red down pointing triangle studios and HBO Max streaming business all-cash, according to people familiar with the matter, as Paramount Skydance PSKY -0.49%decrease; red down pointing triangle continues pushing its competing offer.

Netflix struck a $72 billion cash-and-stock deal with Warner in December. Making it all cash would simplify Netflix’s deal and could sway some shareholders who have been weighing the two offers.