04:10 PM EST, 11/25/2025 (MT Newswires) -- Warner Bros. Discovery ( WBD ) has asked bidders to submit improved offers by Dec. 1 after reviewing an initial round of proposals, Bloomberg reported Tuesday, citing people familiar with the process.

Paramount Skydance (PSKY), Comcast (CMCSA) and Netflix (NFLX) submitted bids last week for some or all of the company, according to the report. Warner Bros. may enter exclusive negotiations with one party after evaluating the updated offers.

Comcast and Netflix are reportedly interested in the company's film and TV library, while Paramount is said to be open to buying the entire business.

Warner Bros. Discovery ( WBD ), Paramount Skydance, Comcast, and Netflix did not immediately respond to MT Newswires' request for comment on the matter.

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