Nov. 21 at 1:57 PM
$PSKY $WBD $CMCSA $NFLX 11/20/2025 Paramount, Comcast & Netflix Make Official Bids for WBD as High-Stakes Fight for the Company Begins
The first-round bids were nonbinding, w/ things likely to evolve over the coming weeks. It was not immediately clear if Saudi Arabia or other Middle Eastern funds were involved in any bid.
The bids, which were nonbinding, were due at noon Thursday, & the WBD board will now have to decide how to proceed, w/ future rounds of bidding likely. In the case of the Comcast & Netflix bids, the company will need to figure out how to value the remaining linear business, & the regulatory questions that are likely to arise, w/ the Trump administration raising the specter of a challenge.
https://www.hollywoodreporter.com/business/business-news/warner-bros-discovery-sale-begins-paramount-netflix-comcast-1236432767/