Paramount Skydance, Netflix, Comcast Bid for WBD Takeover

Paramount Skydance, Netflix and Comcast have reportedly submitted preliminary bids to buy out Warner Bros. Discovery (WBD).

According to reports, Paramount Skydance bid for all of WBD. Reuters previously revealed that WBD’s board rejected an initial bid from Paramount for $23.50 per share.

Comcast is reportedly interested in the Warner Bros. film and TV studios and HBO. Netflix is supposedly interested in the studio and streaming businesses as well.

All four companies involved declined to comment to outlets on the reports.

In June this year, Warner Bros. Discovery announced it would split into two companies—Warner Bros. and Discovery Global. In October, WBD said it was evaluating a potential sale and other strategic options to maximize shareholder value. In the meantime, the company is continuing with the separation that is already in progress while exploring alternatives.