Netflix Leads Bidding for Warner Bros. Discovery with $28 Per Share Offer
By
mikeweiss
Crackles when you bite it. Shows the baker did the work.
Summary
Netflix has emerged as the frontrunner in the bidding war for Warner Bros. Discovery's studio and streaming assets, submitting the highest bid to date at around $28 per share. The offer values Warner Bros. studio, HBO Max streaming service, and related company assets. Paramount also submitted a new bid closer to $27 per share, though the offers aren't directly comparable due to different terms and structures.
Key quotes
· 4 pulledNetflix has submitted the highest bid to date for Warner Bros. Discovery's studio and streaming assets, according to people familiar with the secretive bidding process.
Netflix's most recent offer, submitted on Thursday, valued the Warner Bros. studio, HBO Max streaming service and related parts of the company at around $28 per share, sources said.
Paramount also submitted a new bid on Thursday, closer to $27 per share, one of the sources added.
The two offers aren't apples-to-apples, however
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