Warner Bros. Discovery is up for sale
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A breakdown of the news Warner Bros. Discovery is planning to sell, including interest from Comcast, Netflix, and Paramount.
Elizabeth Warren, Bernie Sanders and Richard Blumenthal wrote in a letter that any deal for WBD could create a company that "would have even more market power than the current companies to raise consumers’ television costs.
Paramount Skydance is categorically denying a report from Variety that claimed the company had partnered up with three Middle Eastern entities to put together an astounding bid for Warner Bros. Discovery.
Paramount, Comcast and Netflix are preparing bids to buy all or part of Warner Bros. Discovery, a crown jewel of the industry.
Warner Bros. Discovery faces a bidding war with multiple suitors, including the Saudi PIF. The deal could be sealed by Christmas 2025 amid ongoing negotiations.
Get ready for a bidding war, as three of the world’s biggest media companies go toe-to-toe for the rights to Harry Potter and Batman.