Paramount, Comcast and Netflix have all submitted bids for Warner Bros Discovery (WBD), according to multiple reports.
WBD had set a deadline of yesterday for the first round of bids.
It’s thought Paramount is the only company interested in acquiring WBD as a whole. Comcast and Netflix are reportedly interested in the company’s studios and streaming business, which would either require its linear TV channels to become a separate entity or for WBD to find a new buyer for them.
It’s not known if any other companies have thrown their hats into the ring.
The WBD board will now consider the bids, with a possible second or third round expected to take place.
WBD is expected to make its decision public by Christmas.
