Paramount Skydance, Comcast, and Netflix submitted takeover offers for Warner Bros. Discovery before the first-round deadline. Comcast bid for film and streaming assets only, planning to merge with NBCUniversal. Netflix and Paramount Skydance also bid for the same assets, with details of the offers undisclosed. Warner Bros. Discovery aims to finalize the sale process by mid to late December. Warner Bros. Discovery’s stock rose 1% to $23.19 per share after the news of the potential sale.
Read more at CNBC: Paramount, Comcast, Netflix submit offers
