Warner Bros. Discovery (WBD) wants another round of offers from potential buyers by the end of the day Thursday and is seeking to conclude the auction by the end of December, the Wall Street Journal’s Joe Flint, Dave Michaels, and Lauren Thomas report, citing people familiar with the matter. Paramount (PSKY) is aiming to buy the whole company, while Netflix (NFLX) and Comcast (CMCSK) (CMCSA) are bidding for the film and television studios, libraries, and HBO Max, the authors note.
Claim 55% 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:
- Jane Fonda says Warner Bros. sale ‘catastrophic’ for Hollywood
- Comcast Stock (NASDAQ:CMCSA) Slips as Versant Launch Date Revealed
- Midday Fly By: Meta to slash metaverse spending, Salesforce posts Q3 beat
- Paramount questions ‘fairness’ of Warner Bros. sale process, CNBC says
- Netflix in lead on Warner Bros. Discovery bid, CNBC reports
