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Paramount Bids for Warner Bros. Discovery Amid Auction

11/22/2025

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Summary

Story summary

Paramount Skydance submitted a takeover bid to acquire Warner Bros. Discovery (WBD) this week.
Comcast and Netflix bid only for WBD's film and streaming assets, including HBO Max.
WBD will decide by next month whether to sell or spin off its cable networks.
Warner Bros. Discovery Chief Executive Officer David Zaslav hosted a dinner with industry stars ahead of bidding.
The auction process is expected to conclude by Christmas.

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Story summary

Paramount Skydance submitted a takeover bid to acquire Warner Bros. Discovery (WBD) this week.
Comcast and Netflix bid only for WBD's film and streaming assets, including HBO Max.
WBD will decide by next month whether to sell or spin off its cable networks.
Warner Bros. Discovery Chief Executive Officer David Zaslav hosted a dinner with industry stars ahead of bidding.
The auction process is expected to conclude by Christmas.