Winning bid for Warner Bros. expected at less than $30 per share, NY Post says

Bids for the rights to own all or some of Warner Bros. Discovery (WBD) were delivered at noon Thursday – with deal insiders predicting a winning offer that will fall far short of the $30 a share that CEO David Zaslav said he wanted for the media conglomerate, On The Money has learned, The New York Post’s Charles Gasparino says. As of Thursday, the bidding war for WBD, which contains some of the news and entertainment industry’s biggest properties, pits Paramount Skydance (PSKY) – the burgeoning media company run by independent movie producer David Ellison and backed by his father, billionaire Trump donor and Oracle (ORCL) founder Larry Ellison – against Brian Roberts’ media behemoth Comcast and streaming giant Netflix (NFLX), which is run by Ted Sarandos, Greg Peters and founder Reed Hastings, the author notes. Other media and tech companies like Amazon (AMZN) have expressed interest, but it’s unclear if they’re as committed as the main contenders in duking it out in a process that’s expected to last until the end of the year, people close to the bidding war tell On The Money.