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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