Jockeying in the potential sale of Warner Bros. Discovery continued this week, with dispatches by Bloomberg and others indicating that WBD’s Board of Directors has asked its current bidders to go back to the drawing board and submit sweetened offers by December 1st. Skydance/Paramount, Netflix, and Comcast/Universal all submitted offers by the first deadline to do so, November 20th.
WBD CEO David Zaslav is said to be seeking a $30 per share price, an implausible scenario only a few months ago when the company’s stock was trading at just over $10 per share. The prospect of a sale now seems likely, with more leadership announcing their departures this week in anticipation of the change of control.
Many are expecting a winner in the bidding war to emerge by the end of the year. While most analysts see Paramount as the likely favorite to win out, others argue that Comcast has the most synergy with WBD, which would combine forces to keep both its streaming and cable businesses viable.













