Warner Bros Discovery received a second wave of bids, including a mostly cash offer from Netflix, as the debt-ridden Hollywood studio continues with its sale, Reuters reported. Warner Bros had asked bidders to submit improved offers by December 1 after receiving preliminary buyout bids from Paramount, Comcast and Netflix. Warner Bros had rejected Paramount's mostly cash offer of nearly $24/share.
short by
Shristi Acharya /
05:54 pm on
02 Dec