Warner Bros Discovery Seeking Sale of Company Update – Saudi Arabia Rumored To Have Submitted Bid

As noted before, Paramount Skydance Corporation has been in the process of preparing a major bid to potentially acquire Warner Bros Discovery, current media broadcast partner of AEW. Besides Paramount, Netflix and Comcast are among the interested parties for a potential purchase of WBD with Netflix recently enlisting an investment bank to help out their bid process.

Lightshed’s Rich Greenfield reported that The Saudi Public Investment Fund in Saudi Arabia is currently believed to have recently submitted a bid to WBD based on reports from others close to the situation.

This bid reportedly is currently rumored to be for around $70 billion.

As if the @wbd auction could not get even crazier — this would be fascinating CIFIUS review if true$WBD $PSKY $CMCSA $NFLX $AMZN https://t.co/TVzZAoAayr

— Rich Greenfield, LightShed 🔦 (@RichLightShed) November 5, 2025

The Saudi Arabian government is currently in a 10-year partnership deal with WWE and their parent company TKO Group to bring WWE events to the country, including WrestleMania 43 in 2027.