Warner Bros Discovery Seeking Sale of Company Update – Netflix, Comcast, & Paramount All Make Bids for WBD

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.

The New York Post and Deadline reported that their sources stated that Paramount, Comcast, and Netflix all have submitted bids to acquire all or part of WBD.

It was reported that all three bids were made on Thursday and were non-binding.

It was also reported that WBD officials currently believe that the sale process can be concluded by late December but this transaction would require at least a year to be cleared by regulators to become official.

It was also reported that sources close to the situation currently predict that the winning offer will likely fall far short of the $30 per share that WBD CEO David Zaslav is seeking for the sale of the media conglomerate.

Those same sources reportedly stated that WBD and Zaslav are expected to hold two to three rounds of bidding to push the price up above the $23.50 per share amount that Paramount has already offered for the entire company.