US EditionPublished • loading... • Updated
Paramount, Comcast and Netflix submit bids for Warner Bros Discovery: Reuters
Paramount, Comcast, and Netflix seek control of Warner Bros. Discovery assets, with Paramount’s bid valued over $60 billion and potential regulatory scrutiny ahead.
- Multiple outlets reported Thursday that Paramount Global, Comcast, and Netflix submitted nonbinding bids for some or all of Warner Bros. Discovery, starting the competitive sale process.
- Earlier this year, WBD announced plans to split, boosting buyer interest in studios and streaming amid industry disruption reshaping film, TV and streaming economics.
- Paramount, led by CEO David Ellison, is the only bidder seeking the entire WBD portfolio including HBO, HBO Max, and cable channels, reflecting strong backing from the Ellison family.
- The WBD board will run further rounds asking bidders if they want to submit final, binding offers, with the sale process possibly concluding this year and regulatory clearance taking at least a year.
- One unanswered question is whether Saudi Arabia or other Middle Eastern funds back any bids, while Comcast faces political friction and international regulators in Europe apply strict standards.
Insights by Ground AI
Podcasts & Opinions
44 Articles
44 Articles
Warner Bros Discovery has received preliminary purchase offers from its competitors Paramount Skydance, Comcast and Netflix, said Thursday a source familiar with the matter, starting a possible sale of the 100th Hollywood studio. The offers pave the way for a major consolidation in the media industry and will determine the future of such precious assets as HBO, Warner Bros’ film library and the DC Comics universe. Paramount is expected to push t…
Paramount would buy the entirety of WBD, while Netflix and Comcast would only take specific businesses, according to press reports.
Coverage Details
Total News Sources44
Leaning Left7Leaning Right1Center6Last UpdatedBias Distribution50% Left
Bias Distribution
- 50% of the sources lean Left
50% Left
L 50%
C 43%
Factuality
To view factuality data please Upgrade to Premium
