US EditionThe Second Round of Warner Bro. Discovery Bids Are Due December 1
Warner Bros. Discovery invited improved second-round bids by Dec. 1 to evaluate offers for a potential split of its assets, including HBO Max and studios.
- As first reported by Bloomberg, Warner Bros. Discovery asked bidders to submit sweetened offers by Dec. 1 following first-round proposals on Nov. 20 from Paramount Skydance, Comcast and Netflix.
- Amid plans to split into two companies, WBD is considering proposals selling the Warner Bros. business separately from Discovery Global, targeting the corporate split for April 2026.
- Bidders differ in scope, with Paramount pursuing the whole company and Netflix and Comcast focused on studios and streaming, while David Ellison, Paramount chief, previously offered $23.50/share with 80% cash and 20% stock, which the WBD board rejected.
- After the second‑round review, Warner Bros. Discovery may enter exclusive talks with one suitor, and a final decision is expected around Christmas.
- The first‑round bids were submitted on November 20 and some media M&A teams may be working through Thanksgiving as Warner Bros. Discovery aims to finalize a transaction by the end of December, while Warner Bros. Discovery spokespersons, Comcast and Netflix reps did not immediately respond.
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16 Articles
The Second Round of Warner Bro. Discovery Bids Are Due December 1
Paramount, Comcast, and Netflix will need to get back to work to draw up new offers to acquire Warner Bros. Discovery. The next round of bids are due by December 1, according to Variety, and the company is looking for higher offers than those originally submitted. The first round of bids were turned in on […] The post The Second Round of Warner Bro. Discovery Bids Are Due December 1 appeared first on Cord Cutters News.
Warner Bros. Discovery Asks for Higher Second-Round Acquisition Bids Due Dec. 1
Warner Bros. Discovery -- which is fielding acquisition overtures from Paramount Skydance, Comcast and Netflix -- is asking for second-round bids by Monday, Dec. 1, that are higher than the original proposals
Warner Bros. Discovery Sets Dec. 1 Deadline for 2nd Round of Bids
Warner Bros. Discovery has set a deadline for a second round of bids for all or part of the media giant, an individual familiar with the matter confirmed to TheWrap. Last week, the David Zaslav-led media giant received first round, non-binding bids from Netflix and Comcast, who have been exploring bids for Warner’s studio and streaming business, and a fourth bid from Paramount for the entire company after its three previous takeover offers were …
Warner Bros Discovery asks bidders to up the ante, sets new deadline
According to multiple reports, the potential sale of Warner Bros Discovery has moved onto a second round of bids, with a new deadline of 1st December. The company is believed to have asked all potential buyers to submit higher offers. Paramount Skydance, Comcast and Netflix are all thought to have submitted bids in the first round, which closed last week. The second round of bids could lead to WBD entering a period of exclusive negotiations with…
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