Paramount, Comcast and Netflix submit bids for Warner Bros Discovery, NYT reports
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Paramount, Comcast, and Netflix have submitted preliminary bids for Warner Bros Discovery, marking a potential sale of the Hollywood studio. Paramount aims to acquire the entire company, backed by Larry Ellison, while Netflix and Comcast are interested in specific assets like film and TV studios and HBO. Warner Bros Discovery's board rejected a cash offer of nearly $24 per share. The company plans to split into two publicly traded entities, separating studios and streaming from cable networks.
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