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00:03Netflix said it is on track to secure Warner Brothers Discovery shareholder support
00:07for its $82.7 billion offer for the company's film and television studios, according to Reuters.
00:14Peters said only a very small number of WBD shares had been tendered,
00:19in support of Paramount's hostile $108 billion bid for the entire company.
00:24He said Netflix's revised all-cash offer provides greater deal certainty than Paramount's proposal.
00:30Which is partly financed with $55 billion in debt.
00:34The Warner Brothers Discovery Board earlier rejected an amended Paramount bid
00:38that included $40 billion in equity personally guaranteed by Larry Ellison.
00:43Paramount Skydance extended its tender offer deadline to February 20th
00:46after Netflix revised its bid to all-cash.
00:49For all things money, visit Benzinga.com.
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