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Stock impact report

Paramount throws in more cash in bid for Warner; Comcast wants to combine assets with NBCUniversal [Los Angeles Times (CA)]

Warner Bros. Discovery, Inc. - Series A (WBD) 
wealth funds, including Saudi Arabia, while rival Comcast has proposed creating a new entertainment entity. Instead of offering cash, Comcast has proposed combining NBCUniversal with HBO and the Warner Bros. film and television studios to form a separate stand-alone entertainment company, according to people familiar with the bids but not authorized to comment. Such a combination would marry robust film studios, deep libraries and middling streaming services, Warner's HBO Max and NBCUniversal's Peacock. It would give Universal's theme parks a wealth of fan-favorite characters — including Batman, Harry Potter and Sheldon Cooper to build new attractions. Comcast, which would maintain the controlling stake, is not interested in absorbing Warner's basic cable channels. Representatives of Paramount, Comcast, Netflix and Warner Bros. Discovery declined to comment, citing the confidential nature of the bids. Comcast, Netflix and Paramount each submitted second-round proposals to Wa Show less Read more
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