Netflix Makes Mostly Cash Offer for Warner Bros. Discovery
Dec 2, 2025
Warner Bros. Discovery has received a mostly cash bid from Netflix in the second round of an ongoing auction process. Other companies, including Paramount and Comcast, also submitted improved offers for all or part of Warner Bros. Discovery.
The bids were made following a weekend of negotiations involving major media companies and their bankers. According to reports, the sale process could be completed in the coming days or weeks, but an exact timeline has not been confirmed.
What is happening with Warner Bros. Discovery?
Warner Bros. Discovery is considering offers from several major companies, who are competing to purchase all or part of the company.
Who has made bids for Warner Bros. Discovery?
Netflix, Paramount, and Comcast have all made improved bids for Warner Bros. Discovery in the second round of the auction process.
When will the sale be decided?
The sale could be concluded in the coming days or weeks, but there is no official date yet.
Sources
Netflix Makes Mostly Cash Offer for Warner Bros.
Bloomberg Markets and Finance
Bloomberg Markets and Finance
Warner Bros. Discovery was fielding a second round of bids on Monday, including a mostly cash offer from Netflix Inc., in an auction that could wrap up in the coming days or weeks, according to people familiar with the discussions.
Warner Bros Discovery gets mostly cash offer from Netflix, Bloomberg News report...
Reuters
Reuters
Warner Bros Discovery was fielding a second round of bids, including a mostly cash offer from Netflix , in an auction that could conclude in the coming days or weeks, Bloomberg reported on Monday, citing people familiar with the matter.
Netflix Makes Majority Cash Bid for Warner Discovery
WSJ
WSJ
The streaming giant, Paramount and Comcast made second bids for Warner Discovery.
Warner Bros. Discovery gets mostly cash offer from Netflix in second round of bi...
New York Post
New York Post
Bankers for Paramount Skydance, Comcast and Netflix worked over the weekend on improved offers for all or part of Warner Bros., Bloomberg reported.
Netflix makes all cash deal for Warner Bros Discovery in second bidding round: r...
Invezz
Invezz
Warner Bros. Discovery Inc. has entered a pivotal stage in its formal sales process, receiving a second round of binding bids from multiple major media players, including a mostly cash offer from Netflix Inc, reported Bloomberg.
Netflix ready to stump up the cash in $74bn race for Warner Bros
Proactive Investors
Proactive Investors
Warner Bros. Discovery has entered a fresh stage in its sale process, with Netflix Inc (NASDAQ:NFLX, XETRA:NFC), Paramount Skydance and Comcast Corporation (NASDAQ:CMCSA, XETRA:CTP2) all submitting updated bids after spending the US Thanksgiving weekend sharpening their offers.
Netflix Makes a Fresh Warner Discovery Bid, Report Says. This Could Derail the D...
Barrons
Barrons
Paramount Skydance still looks best-placed to win Hollywood's hottest takeover battle.
Strategy suffers billions in losses, Netflix reportedly bids on Warner Bros Disc...
Yahoo Finance
Yahoo Finance
Morning Brief: Market Sunrise anchor Ramzan Karmali breaks down the latest market news for December 2, 2025. Bitcoin had its worst day since March, and Michael Saylor's Strategy has suffered billions in losses.
Warner Bros. Rises As Bids Take Shape, Netflix Makes New Cash Offer
Investors Business Daily
Investors Business Daily
Warner Bros. Discovery received a second round of offers from Netflix, Comcast, and Paramount Skydance, Bloomberg reported on Tuesday.
Who Will wind up buying Warner Bros. Discovery?
Bloomberg Markets and Finance
Bloomberg Markets and Finance
On this episode of Stock Movers with Lisa Mateo: - Shares of Warner Bros. Discovery (WBD) edged higher ahead of the US market open after the company fielded a second round of bids on Monday, including a mostly cash offer from Netflix Inc., in an auction that could wrap up in the coming days or weeks...
Netflix Goes All In: The $70B Play to End the Streaming Wars
MarketBeat
MarketBeat
In a move that could fundamentally redraw the map of the global entertainment industry, Netflix NASDAQ: NFLX has reportedly submitted a binding, predominantly cash offer to acquire Warner Bros. Discovery NASDAQ: WBD.
Paramount Skydance has a ‘plan B' if Netflix wins auction for Warner Bros. Disco...
New York Post
New York Post
A source close to WBD said the media giant believes this is now a “horse race” between Paramount Skydance and Netflix whose outcome is a “toss up,” giving it “50 50” odds.
Exclusive: Netflix, Warner Bros Discovery combo seen lowering costs for consumer...
Reuters
Reuters
Netflix's proposed acquisition of Warner Bros Discovery's studios and streaming unit is expected to reduce streaming costs for consumers by bundling Netflix and HBO Max, according to two people familiar with the proposal.
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