The second round of bids on Warner Bros. Discovery were submitted today, with Bloomberg reporting that one was a ‘mostly cash offer’ from Netflix.
The outlet’s sources say the auction could wrap as early as the next few days, or more likely in the next few weeks.
Bankers at Paramount Skydance, Comcast and Netflix all worked over the long Thanksgiving weekend on improved offers for all, or at least a big part, of WBD.
The offers are said to be binding, thus the board could quickly sign off on a deal if its goals are met. The company called described the latest round of bids as final so another could be made.
Netflix is reportedly working on a bridge loan that totals in the tens of billions of dollars.
Both they and Comcast are only said to be interested in the Warner Bros./HBO Max part of the company which is being split off from its cable channels next year.
