New Delhi, Jan. 25 -- Global media giants Netflix and Paramount Skydance are competing against each other in efforts to acquire Warner Bros. Discovery (WBD). Although the final vote remains in the hands of WBD shareholders, both companies are making efforts to persuade their decision with adjustments to their original bids.

1. Savings: According to a Reuters report, WBD shareholders will be saving $2-3 billion annually with Netflix's offer, while the combined business will execute more than $6 billion in cost synergies in the Paramount bid.

2. Per-share offer: Netflix's offer gives the shareholders a $27.75 per share all-cash offer, and Paramount's bid offers shareholders $30 apiece all-cash tender offer.

3. Share premium: Netflix's bi...