Netflix, Paramount in Bidding War for Warner Brothers Discovery

Warner Brothers Discovery is in a high-stakes bidding war, with Netflix, Paramount Skydance, Comcast, and others vying for parts or all of the entertainment giant. Netflix has made a significant, mostly cash bid, and the auction could conclude soon. Paramounts offer, backed by Larry Ellisons family and Apollo Global Management, is also in the running. Warner Brothers Discovery is seeking around thirty dollars per share, and Netflix is reportedly seeking a massive bridge loan to fund its ambitious plans.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.