Bidding Process

Warner Bros. Discovery has requested sweetened second-round offers from potential buyers by December 1, 2025, following initial non-binding bids submitted on November 20. Bidders include Paramount-Skydance, aiming to acquire the entire company, and Comcast and Netflix, targeting the Warner Bros. film and TV studios along with HBO Max. The company anticipates concluding the sale process by late December, though regulatory approval could take up to a year.