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News  ›  Benzinga

Warner Bros. Discovery Shares Drift Higher After Netflix Submits New Offer

Benzinga Logo Benzinga By Adam Eckert
Warner Bros. Discovery Shares Drift Higher After Netflix Submits New Offer

Netflix, Paramount Skydance, and Comcast have submitted bids for a potential partial or complete takeover of Warner Bros. Discovery, with Netflix reportedly preparing a multi-billion dollar bridge loan.

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WBD   neutral

Company is exploring sale options with multiple potential bidders, indicating potential strategic opportunities