Warner Bros. Discovery Receives Second Round of Acquisition Offers

Deep News12-02

According to informed sources, Warner Bros. Discovery has received a second round of acquisition offers, with Netflix's bid primarily in cash. The process could conclude within days or weeks.

Sources added that Paramount Global, Skydance Media, Comcast, and Netflix worked over the weekend to refine their offers for either full or partial stakes in Warner Bros.

Last week, after receiving initial acquisition inquiries from Paramount, Skydance, Comcast, and Netflix, Warner Bros. requested improved proposals by December 1.

Warner Bros. Discovery announced in June its plan to split into two divisions by next year—one focused on film operations and the other on cable TV—separating its growing streaming business from its declining cable network segment.

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