Netflix Emerges as ‘Serious Contender’ for Warner Bros. Discovery Sale

Despite previous reports suggesting Netflix wasn’t interested and might even be raising prices to discourage a deal, they are now actively pursuing the acquisition of Warner Bros. Discovery, with a particular focus on the studio and its streaming services.

The New York Post reports that Netflix CEO Ted Sarandos is actively trying to persuade Warner Bros. Discovery’s board and U.S. regulators, potentially giving Netflix an edge over Paramount and Skydance in the competition to secure a deal.

Charm Offensive and Antitrust Strategy

Sources say Netflix is suggesting a deal with Warner Bros. Discovery’s streaming services wouldn’t raise typical antitrust issues. They argue that streaming is different from traditional media because it competes with a wide range of platforms like YouTube and social media, making concerns about a monopoly less significant.

The report suggests that this idea is gaining traction with certain members of the board and staff at the Department of Justice, leading them to question whether Paramount will definitely be acquired.

Paramount Skydance Still in the Lead, But Netflix’s Momentum Grows

Paramount Skydance is still the most likely buyer for Warner Bros. Discovery, offering around $60 billion (about $25 per share) for the entire company, including the studio, HBO Max, and CNN. However, Netflix is also interested, but only in the studio and streaming services, which fits with Warner Bros. Discovery’s plans to separate those businesses.

Sources familiar with the situation say the company’s board prefers a partnership with Netflix because it’s a more straightforward option than being completely acquired.

Challenges for Netflix Remain

Despite the surge in momentum, Netflix still faces hurdles.

The company’s stock price fell almost 10% when news broke about its offer for WBD, suggesting investors are unsure about this plan to buy the company.

Although the idea that the deal violates antitrust laws is becoming more popular, it hasn’t been proven in court, and reports suggest Donald Trump supports the merger between Paramount and Skydance.

According to The Post, Paramount’s lawyers are still concerned that merging their streaming service with a traditional studio could attract significant attention from regulators.

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2025-11-26 03:01