Warner Bros. Discovery is reviewing strategic alternatives after receiving unsolicited bids. No single "latest bid" is confirmed as final, but recent reports highlight:
Paramount Skydance: Submitted a non-binding full acquisition offer in the first round (covering WBD's cable networks and CW stake), rejected as inadequate. Value undisclosed but lower than expectations.
Other bidders: Netflix, Comcast (via NBCUniversal), and Apollo Global Management are key players. Apollo partnered with Warner Bros. Discovery insiders for a $10B bid to buy its TV assets (e.g., CNN, TBS), separating them from studios—unlike full buyouts from Netflix/Comcast. Skydance initially proposed full control; Apollo focuses on restructuring.
Comparisons: Full acquisitions (Netflix/Comcast) aim for integration with streaming; Apollo's is asset carve-out for debt reduction. Talks ongoing, no binding offers yet. (Sources: Wikipedia, WSJ as of Dec 2025)
Warner Bros. Discovery is reviewing strategic alternatives after receiving unsolicited bids. No single "latest bid" is confirmed as final, but recent reports highlight:
Paramount Skydance: Submitted a non-binding full acquisition offer in the first round (covering WBD's cable networks and CW stake), rejected as inadequate. Value undisclosed but lower than expectations.
Other bidders: Netflix, Comcast (via NBCUniversal), and Apollo Global Management are key players. Apollo partnered with Warner Bros. Discovery insiders for a $10B bid to buy its TV assets (e.g., CNN, TBS), separating them from studios—unlike full buyouts from Netflix/Comcast. Skydance initially proposed full control; Apollo focuses on restructuring.
Comparisons: Full acquisitions (Netflix/Comcast) aim for integration with streaming; Apollo's is asset carve-out for debt reduction. Talks ongoing, no binding offers yet. (Sources: Wikipedia, WSJ as of Dec 2025)