Warner Bros. Discovery Sale Could Happen By Christmas

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Major media companies are preparing to submit initial offers for Warner Bros. Discovery by November 20th. Warner Bros. hopes to finalize a sale by Christmas, and negotiations are already well underway.

Paramount, Comcast, and Netflix Ready to Bid

According to Deadline, Paramount and Skydance have made three offers and are planning to submit a formal bid next week.

Comcast and Netflix, along with another company, are working with financial experts and getting ready to make offers. All involved parties have signed non-disclosure agreements and reviewed Warner Bros. Discovery’s financial information to help determine their bids.

Netflix–HBO Max Merger Raises Antitrust Concerns

Congressman Darrell Issa has cautioned the Department of Justice and the Federal Trade Commission that if Netflix were to buy Warner Bros. Discovery, especially HBO Max, it could run afoul of antitrust regulations.

If combined, these two streaming services would dominate over 30% of the U.S. market. Senator Issa also worried this could lead to fewer movies in theaters and less work for filmmakers and other creative professionals.

Warner Bros. Hoping to Finalize Deal by Year-End

If the sale moves forward, a second round of binding offers will follow the first submissions.

As a big fan, I’m hearing Warner Bros. Discovery is really hoping to have everything sorted out by Christmas, but they’re also saying it’s not a done deal yet, so we’ll have to wait and see!

WBD Split May Be Scrapped if Sale Happens

Warner Bros. Discovery initially intended to divide into two separate companies. One, led by CEO David Zaslav, would be Warner Bros., focusing on studios and streaming services. The other, Discovery Global, overseen by CFO Gunnar Wiedenfels, would manage their traditional television networks.

However, an outright acquisition could override those plans.

Comcast and Netflix Could Partner on a Deal

Sources at Deadline are reporting that Comcast and Netflix may team up to make a bid for something, possibly with additional investment from Saudi interests.

One scenario floated involves Comcast taking HBO Max and Netflix acquiring the studios and IP.

Amazon MGM is also potentially interested, but it’s currently uncertain what their plans are, the report indicates.

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2025-11-15 20:01