Warner Bros. Discovery (WBD) has asked potential buyers to submit improved offers by December 1 after receiving an initial round of bids, people familiar with the matter told Bloomberg’s Michelle Davis, Josh Sisco and Lucas Shaw. Paramount Skydance (PSKY), Comcast (CMCSA) and Netflix (NFLX) are all vying to buy some or all of Warner Bros. and submitted bids for the company last week to meet an initial deadline, the report noted.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on WBD: