Pakistan, Jan. 21 -- Netflix has revised its Warner Bros acquisition offer to an all-cash $82.7 billion deal, gaining unanimous board support. Paramount's rival bid faces rejection. The new offer keeps Warner Bros shareholders' value guaranteed while ending uncertainty over stock components.

Under the amended proposal, Netflix will pay $27.75 per share in cash for Warner Bros' studios, HBO Max, and content library. Warner Bros said the cash-only deal provides immediate liquidity and certainty to shareholders, unlike the earlier mixed cash-and-stock bid. Paramount's $30-per-share offer was rejected because it does not include Warner Bros' planned Discovery Global spinoff.

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