So far, Netflix has submitted the highest bid in the ongoing battle to acquire Warner Bros. Discovery, according to multiple media sources. The streamer’s bid is primarily in cash.
This could make all the difference in this heated media battle. Before Comcast, Netflix and Paramount started duking it out over WBD in earnest, Paramount submitted three different offers to acquire all of Warner Bros. Discovery. The highest offer was for $23.50 per share and was comprised of 80% cash and 20% stock. All three offers were rejected for being too low.
Netflix declined to comment on this story.
More to come …
The post Netflix Makes Highest Bid to Acquire Warner Bros. Discovery appeared first on TheWrap.
