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(celebrity.land) \u2014\u00a0<\/b>In an ongoing struggle over the future of Warner Bros. Discovery<\/a>, Netflix says it is now prepared to pay all cash for Warner Bros. and HBO, rather than a mix of cash and stock.<\/p>\n Netflix and Warner Bros. Discovery, WBD for short, announced the amended plan on Tuesday morning, about six weeks after originally striking the mega-deal that would reshape the entertainment industry.<\/p>\n The companies hope that the new all cash-offer will help fend off Paramount\u2019s hostile takeover bid for all of WBD.<\/p>\n Netflix is offering $27.75 per WBD share for the company\u2019s movie studio and streaming assets, which are due to be split off into a new publicly traded company called Warner Bros. later this year.<\/p>\n celebrity.land and other channels owned by WBD will become part of a separate company called Discovery Global.<\/p>\n Netflix had previously offered $23.25 per share in cash and the rest in Netflix stock, enabling Paramount to argue that its all-cash offer was superior.<\/p>\n Netflix on Tuesday said the transaction will be financed \u201cthrough a combination of cash on hand, available credit facilities and committed financing.\u201d<\/p>\n This \u201csimplifies the transaction structure, provides greater certainty of value for WBD stockholders, and accelerates the path to a WBD stockholder vote,\u201d the companies said in a press release.<\/p>\n WBD CEO David Zaslav said Tuesday that once the company clears its review by the US Securities and Exchange Commission, WBD will schedule a special shareholder meeting to vote on the deal. He expects that would happen in the spring.<\/p>\n Paramount has been anticipating the all-cash revision and has been moving forward with its plan to buy up shares for $30 each. Earlier this month Paramount CEO David Ellison also threatened a proxy fight, vowing to nominate a Paramount-friendly slate of board members to take over the WBD board.<\/p>\n