Business · 5 December 2025
Netflix bids to acquire Warner Bros Discovery assets
Netflix has submitted the highest bid at approximately $28 per share for Warner Bros Discovery's streaming and studio assets, putting it ahead of rivals Paramount Skydance and Comcast in the intense bidding war. The deal would value Warner's core operations around $70 billion and include HBO Max, DC Comics and Warner's film studios. Paramount has accused Warner Bros of favoring Netflix in the sales process, while Republican lawmakers raise antitrust concerns about the potential media consolidation that could effectively end streaming competition.
Reported by CNN · How we write briefs