Paramount, Comcast, Netflix submit bids for Warner Bros. Discovery

News Brief: English

Summary

Paramount Skydance, Netflix, and Comcast have submitted takeover offers for Warner Bros. Discovery (WBD) ahead of a first-round deadline. Paramount is bidding for the entire company, while Netflix and Comcast are targeting its film studio and streaming assets (Warner Bros. and HBO Max). A second round of bids is expected soon, with WBD aiming to finalize a sale by mid-to-late December.

Key Points

  • Bidders & Offers: Paramount Skydance made a new offer for the whole company. Netflix and Comcast bid only for the film studio and streaming assets (Warner Bros. & HBO Max).
  • Bid Details: Paramount’s previous $23.50-per-share offer was rejected. Netflix’s offer was described as “disciplined.” The size and structure of the new offers are not yet clear.
  • Timeline: Another round of bids is expected in the coming weeks. WBD aims to announce a sale by mid-to-late December.
  • Company Context: WBD was already planning to split into two separate entities: Warner Bros. (studio/streaming) and Discovery Global (TV networks). A successful Comcast bid for the assets would see this spinout proceed.
  • Market Reaction: WBD’s stock price has risen over 20% since the company was put up for sale in October.

新闻简报:中文

总结

派拉蒙Skydance、Netflix和康卡斯特已在首轮投标截止日期前,向华纳兄弟探索公司提交了收购要约。派拉蒙竞购整个公司,而Netflix和康卡斯特则瞄准其电影制片厂和流媒体资产。预计未来几周将进行第二轮投标,华纳兄弟探索公司目标是在12月中下旬完成出售。

关键点

  • 竞标方与报价: 派拉蒙Skydance对整体公司提出了新报价。Netflix和康卡斯特仅竞标电影制片厂和流媒体资产。
  • 投标细节: 派拉蒙先前每股23.50美元的报价已被拒绝。Netflix的报价被描述为”有纪律的”。新报价的具体规模和结构尚不清楚。
  • 时间线: 预计未来几周将进行新一轮投标。华纳兄弟探索公司目标在12月中下旬宣布出售结果。
  • 公司背景: 华纳兄弟探索公司原本就计划分拆为两个独立实体:华纳兄弟和Discovery Global。若康卡斯特成功收购相关资产,这一分拆计划将继续推进。
  • 市场反应: 自10月份宣布出售以来,华纳兄弟探索公司股价已上涨超过20%。

Original Article Link: https://www.cnbc.com/2025/11/21/warner-bros-discovery-wbd-bids-paramount-comcast-netflix.html

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