Paramount, Comcast, And Netflix Prepare Bids For Warner Bros. Discovery

Benzinga

Paramount, Comcast, and Netflix are preparing nonbinding bids for Warner Bros. Discovery as the company weighs splitting its studios and streaming units from its cable networks. Paramount wants to buy the entire company, while Comcast and Netflix are targeting the studios and HBO Max. All bidders face potential regulatory scrutiny.

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00:00It's Benzinga bringing Wall Street to Main Street.

00:02Paramount, Comcast, and Netflix are preparing non-binding bids for Warner Bros. Discovery

00:08as the company moves to split its studios and streaming assets from its cable networks,

00:12according to The Wall Street Journal.

00:14Paramount remains committed to buying the entire company with a primarily cash offer

00:18backed by the Ellison family and Redbird, while Comcast and Netflix are focused on acquiring

00:23the studios and HBO Max but not the cable networks.

00:27Paramount's latest $23.50 per share offer followed earlier unsolicited bids, and all

00:33three companies face potential regulatory hurdles, with analysts noting heightened scrutiny for

00:38Netflix and Comcast.

00:40Comcast executives said regulatory barriers may be overstated, and the company is spinning

00:44off cable assets into a new entity called Versant as it weighs a bid.

00:48For all things money, visit Benzinga.com.

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