Netflix Wins Warner Bros. Discovery Bidding War And Starts Exclusive Talks, Reports Say [Forbes]
Warner Bros. Discovery, Inc. - Series A (WBD)
Company Research
Source: Forbes
platform, multiple outlets reported, after a weeks-long bidding war in which the streaming giant beat out Paramount and Comcast. According to Deadline and CNN , Netflix made the strongest offer of $28 per share for Warner Bros. Discovery's studio and streaming businesses. In comparison, Paramount Skydance reportedly offered $27 per share for the entire Warner Bros. Discovery business, including its cable channels like CNN and TNT. Comcast also made a bid only for Warner's studio and streaming businesses. Bloomberg reported that both sides had begun exclusive negotiations and Netflix is offering Warner a $5 billion breakup fee if regulators don't clear the deal. Both companies are expected to announce the deal publicly in the coming days, the report added. Bloomberg and Variety reported that Paramount Skydance has cried foul over the sales process, labeling it “tainted”. In a letter sent to Warner's CEO David Zaslav, Paramount's attorneys alleged that Warner's board had “em
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News
- Netflix-Warner Bros. Deal: Streaming Superpower Or Streaming Monopoly? [Forbes]Forbes
- Exclusive-How Netflix won Hollywood's biggest prize, Warner Bros Discovery [Yahoo! Finance]Yahoo! Finance
- What does the Netflix-WBD deal mean to the future of streaming? [Los Angeles Times (CA)]Los Angeles Times
- Hollywood unions alarmed by Netflix's $72 billion Warner Bros deal [Yahoo! Finance Canada]Yahoo! Finance Canada
- Old Hollywood meets new: Netflix agrees to buy Warner Bros. and HBO Max [MSNBC.com]MSNBC.com
WBD
Earnings
- 11/6/25 - Miss
WBD
Sec Filings
- 12/5/25 - Form 425
- 12/5/25 - Form 425
- 12/5/25 - Form 8-K
- WBD's page on the SEC website