Warner Bros. Discovery called for a second round of offers for its acquisition for next Monday, December 1, according to Variety.
On November 20, Paramount Skydance, Comcast and Netflix made offers for part or all of Warner Bros. Discovery.
After the presentation of the new offers, the company “could begin a period of exclusive negotiations with one of the companies,” according to Variety, citing information from Bloomberg.
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Warner Bros. Discovery is considering proposals to sell Warner Bros. (HBO Max and studios) and Discovery Global, the television-focused company.
This aligns with WBD’s already underway plan to split into two companies by April 2026, Variety notes.
Netflix and Comcast have shown interest in WBD’s studio and streaming operations, separate from WBD’s cable TV business, while Paramount Skydance is interested in acquiring Warner Bros. Discovery outright.
Paramount has previously submitted offers to the company, but they have been rejected. The offer was for $23.50 per share, made up of 80% cash and 20% stock.
With information from EFE
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