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News  ›  Benzinga

Warner Bros. Discovery Shares Drift Higher After Netflix Submits New Offer

Benzinga Logo Benzinga • •By Adam Eckert
Warner Bros. Discovery Shares Drift Higher After Netflix Submits New Offer

Netflix, Paramount Skydance, and Comcast have submitted bids for a potential partial or complete takeover of Warner Bros. Discovery, with Netflix reportedly preparing a multi-billion dollar bridge loan.

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Company is exploring sale options with multiple potential bidders, indicating potential strategic opportunities