Netflix (NFLX.US) is planning to change the all-cash acquisition plan to acquire Warner Bros. (WBD.US) in order to expedite the shareholder voting process.

Insiders revealed that Netflix (NFLX.US) is evaluating adjusting its acquisition proposal for Warner Bros. Discovery (WBD.US) from a "cash and stock" offer to an all-cash bid, which could potentially significantly advance the shareholder voting time of the transaction. Reporter David Faber stated in a program on Wednesday that if Netflix ultimately changes to an all-cash offer, the Warner Bros. Discovery shareholder vote could take place as early as late February or early March; if they maintain the cash and stock structure, the related vote may be delayed until early June. "This would make the deal cleaner and faster," Faber said. "It could speed things up a lot, possibly a difference of a few months. If Netflix really does this, shareholders could see a vote as early as late February or early March." Earlier reports stated that Netflix is considering adjusting its cash and stock acquisition offer of $27.75 per share to an all-cash bid. Meanwhile, competitor Paramount Skydance (PSKY.US) has repeatedly emphasized that its all-cash offer of $30 per share is superior to Netflix's proposal. Paramount Skydance has already filed a lawsuit against Warner Bros. Discovery on Monday and has stated plans to nominate directors to the board of the entertainment giant. In terms of market reactions, Warner Bros. Discovery's stock price briefly rose by 1% on Wednesday. Analysts believe that if Netflix shifts to an all-cash bid, it would not only help shorten the regulatory and shareholder approval process but also intensify the bidding war with Paramount Skydance, although uncertainty still remains in the transaction's direction.