Warner Bros. Discovery (WBD) has fielded a second round of offers, including mostly cash bid from Netflix (NFLX), in an auction that could conclude fairly soon, Bloomberg’s Michelle Davis, Lucas Shaw, and Josh Sisco report, citing people familiar with the discussions. Bankers for Paramount Skydance (PSKY), Comcast (CMCSK) (CMCSA), and Netflix have been working on improved bids for all or part of Warner Bros. Discovery, the authors say, noting that such offers are binding.
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