05:53 AM EDT, 10/31/2025 (MT Newswires) -- Netflix ( NFLX ) is assessing a potential offer for Warner Bros Discovery's ( WBD ) studio and streaming operations after hiring Moelis & Co to advise on a deal, Reuters reported Friday, citing three sources familiar with the matter.

The company has reportedly been given access to a financial data room to review Warner Bros Discovery's ( WBD ) numbers ahead of any proposal.

Moelis previously advised Skydance Media on its successful offer for Paramount Global (PSKY), the news outlet reported.

Netflix ( NFLX ) and Warner Bros Discovery ( WBD ) did not immediately respond to MT Newswires' request for comment.

Shares of Netflix ( NFLX ) were up by over 2.9%, while Warner Bros Discovery's ( WBD ) shares were up by more than 2.5% in recent Friday premarket activity.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)