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Stock impact report

Netflix becomes frontrunner in bidding war for Warner Bros. Discovery, sources say [CNN]

Warner Bros. Discovery, Inc. - Series A (WBD) 
Company Research Source: CNN
Paramount also submitted a new bid on Thursday, closer to $27 per share, one of the sources added. The two offers aren't apples-to-apples, however, because Paramount has been trying to buy all of Warner Bros. Discovery, including CNN and other cable channels, while Netflix and another bidder, Comcast, have only shown interest in the studio and streaming assets. The mega-media bidding war has intensified in recent days, captivating a wide swath of Hollywood and garnering attention from the Trump White House. Iconic brands like HBO and DC Comics hang in the balance. Representatives for the companies involved have declined to comment. But leaks out of what is supposed to be a confidential process suggest that Netflix now has the pole position. Paramount certainly perceives it that way; the company's attorneys wrote to Zaslav expressing “grave concerns” about the auction process. Specifically, Paramount's attorneys charged that WBD has “embarked on a myopic process with a prede Show less Read more
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