As rumors swirl that Warner Bros. Discovery could be on the market for sale, a potential bid has reportedly emerged: Netflix.
Previously, a report shared that Paramount could be a player for the studio and content hub, with an all-cash offer on the table.
However, Puck’s Dylan Byers reports that a “well-placed Hollywood source” has shared that Netflix was also considering a bid for the WBD assets.
The renewed interest in Warner Bros. Discovery comes as the company saw several blockbuster movies — namely Sinners, Weapons, and Superman — hit theaters in 2025. They each performed well at the box office, leading to an infusion of revenue.
Despite that increase, many Wall Street analysts don’t expect the company’s stock price to eclipse $19, so it would remain a quasi-affordable target for mergers and acquisitions.
The reporting surrounding a potential sale of WBD comes as the company had previously announced plans to splinter into separate divisions, with the film studio and streaming service HBO Max breaking away from the cable and linear television outlets held by the conglomerate.
Byers added that another company — NBCUniversal — was also “running the numbers” on what a purchase price for Warner Bros. Discovery could look like. He noted, however, that it was in the “worst position” to acquire the company.
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