05:56 PM EST, 11/13/2025 (MT Newswires) -- Paramount (PSKY), Comcast ( CMCSA ) , and Netflix ( NFLX ) are lining up bids for Warner Bros. Discovery ( WBD ) , with nonbinding initial offers expected by Nov. 20, the Wall Street Journal reported Thursday, citing people familiar with the matter.

Paramount, supported by David Ellison, Larry Ellison, and RedBird Capital Partners, is seeking to acquire all of Warner Bros. Discovery ( WBD ), with its latest $23.50 per share offer reflecting nearly a 90% premium over the stock price before reports of its interest.

Comcast ( CMCSA ) and Netflix ( NFLX ) are primarily focused on Warner's film and TV studios and the HBO Max streaming platform, excluding cable networks such as CNN, TNT, and Discovery Channel, the report said.

Warner Bros. Discovery ( WBD ) plans to divide its assets into two entities, separating its studios and streaming services from its cable networks, it added.

Paramount, Comcast ( CMCSA ), Netflix ( NFLX ), and Warner Bros. Discovery ( WBD ) did not immediately respond to requests for comment from MT Newswires.

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