Warner Bros Discovery seeks improved offers from bidders

As per news reports, the offers are to be submitted by December 1

by e4m Desk
Published: Nov 26, 2025 7:59 AM | 2 min read

Warner Bros Discovery seeks improved offers from bidders

Warner Bros Discovery has sought "improved offers" from potential buyers, news agencies have reported.

The offers are to be submitted by December 1, as per some reports.

Last week, it was reported that Warner Bros. Discovery Inc. has attracted interest from Paramount Skydance Corp., Comcast Corp. and Netflix Inc.

Read e4m report on bidders and offers

While Comcast and Netflix have been eyeing Warner Bros.’ film and television library, Paramount has expressed interest in acquiring the entire company.

In October, the media network said it had started a formal review of ‘strategic alternatives’. When Warner Bros started strategic review

David Zaslav, President and CEO of Warner Bros. Discovery, had said in a statement that they have taken the "bold step of preparing to separate the company into two distinct, leading media companies, Warner Bros. and Discovery Global".

A week before that Warner Bros. Discovery had rejected an initial takeover bid from Paramount Global and Skydance Media, telling the suitor that the offer was too low.

Read e4m report on Warner Bros rejecting Paramount' offer

The latest bidding wave was sparked by David Ellison, who recently took control of Paramount. Ellison has already made three offers—reportedly up to $23.50 a share—all rejected. He is expected to increase his bid but remain below the $30-per-share valuation some analysts believe Warner Bros. is seeking.

Comcast, meanwhile, could integrate Warner Bros. with NBCUniversal, reinforcing its studio and streaming portfolio. Netflix sees franchises such as Batman and Harry Potter as valuable additions to its global platform.