Warner Bros Discovery has asked potential buyers to submit new, improved offers by December 1, according to a Bloomberg report.
The company, which put itself up for sale last month, received an initial round of bids from Paramount Skydance, Comcast, and Netflix last week.
Bloomberg reported that Warner Bros may enter a period of exclusive negotiations with one of the companies after reviewing any improved offers.
The media giant, led by CEO David Zaslav, formally put itself up for sale last month after receiving three bids from David Ellison’s Paramount Skydance, which were rejected.
Comcast and Netflix have both hired investment banks to explore a deal.
.jpg)
Comcast and Netflix are mainly interested in the Warner Bros movie and television studios and the HBO Max streaming service, but not its cable network holdings, which include CNN, TNT, and Discovery Channel.
On the other hand, Paramount Skydance is looking at acquiring the entire company.
WBD has indicated that it believes the sale process can be concluded by late December 2025, although the transaction may require at least a year to be cleared by regulators.
Warner Bros. Discovery recently announced plans to split into two publicly traded companies, separating its cable TV networks from its studios and streaming businesses. Discover more here.
WBD mails definitive proxy statement to finalise Netflix merger
Warner Bros. Discovery (WBD) will hold a special meeting of shareholders to vote on the merger with Netflix on March 20, 2026. In the meantime, WBD has begun mailing the definitive proxy statement to shareholders for the meeting.
Sky's talks to acquire ITV slow down
Talks by Sky to acquire ITV’s broadcast channels and streaming platform have slowed in recent weeks, according to a report by Reuters.
Bytedance pledges to rein in Seedance AI tool
Chinese technology giant ByteDance has pledged to curb its controversial artificial intelligence (AI) video-making tool Seedance, following complaints from major studios and streamers.
Digital switch-off prospect nullifies Arqiva’s value
Arqiva’s main shareholder has admitted that its holding of the transmission company might be worth nothing.
Warner Bros Discovery mulls re-opening sales talks with Paramount
Warner Bros Discovery is considering reopening sale talks with Paramount Skydance Corp, according to a Bloomberg report.
.jpg)