🤼‍♀️ Paramount, Comcast, and Netflix to Compete for WBD

Paramount Skydance aims to acquire all of WBD and is ready to offer about $23.50 per share—a nearly 90% premium. The company believes this full buyout would face fewer regulatory hurdles.

Comcast and Netflix are interested only in the Warner Bros. studios and the Max platform, bypassing cable assets such as CNN and TNT. Netflix, with the strongest financial capacity, views WBD’s library as a way to boost its content offering without inheriting legacy cable networks.

Amid weak stock performance, WBD is preparing a plan to split into two companies:

▪️ one holding studio and streaming assets,
▪️ the other holding cable networks.

This would give buyers the option of pursuing either a full acquisition or purchasing select parts.