Breaking News from CNBC's David Faber: Netflix Leading Bidder for Warner Bros. Discovery – Sources [CNBC]
Warner Bros. Discovery, Inc. - Series A (WBD)
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Source: CNBC
Following is the unofficial transcript of breaking news from CNBC's David Faber on “Squawk on the Street” (M-F, 9AM-11AM ET) today, Thursday, December 4. Following is video on CNBC.com: https://www.cnbc.com/video/2025/12/04/netflix-is-leading-bidder-for-warner-bros-discovery-sources.html All references must be sourced to CNBC. CARL QUINTANILLA: Market continues to absorb reports about this race for Warner Bros. Discovery. David Faber, last week at this desk, said he might be calling in on his week off, and indeed he is. Let's get to Faber on what we know at this point. Morning David. DAVID FABER: Good morning guys, yeah, seemed inevitable given how quickly things are moving and what we can share at this point, according to people familiar with the situation, is that Netflix is in the lead in the bidding for Warner Bros. Discovery. Now that does not mean that it ultimately will be victorious, but we are getting down to the very end of this process. Of course, as people know, bid
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News
- Film producers lobby Congress against Netflix-Warner Bros Discovery acquisition, Variety reports [Yahoo! Finance Canada]Yahoo! Finance Canada
- These Beloved TV Shows Are Leaving Netflix In December — Watch Them While You Can [Forbes]Forbes
- Paramount believes it has path through Trump admin to get WBD deal approved: Puck's Matt Belloni [CNBC]CNBC
- Paramount fumes that Warner Bros. Discovery sale process is ‘unfair' as Netflix jumps into the lead [Yahoo! Finance]Yahoo! Finance
- Paramount blasts Warner Bros. Discovery as auction nears contentious end [Yahoo! Finance]Yahoo! Finance
WBD
Earnings
- 11/6/25 - Miss
WBD
Sec Filings
- 12/4/25 - Form 144
- 12/3/25 - Form 4
- 12/3/25 - Form 144
- WBD's page on the SEC website