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Netflix Explores Potential Bid for Warner Bros. Discovery's Studio and Streaming Business
31 Oct
Summary
- Netflix taps Moelis & Co. to explore potential bid for Warner Bros. Discovery
- Netflix granted access to WBD's data room to review financial details
- WBD launched strategic review after receiving "unsolicited interest" from multiple parties
As of October 31st, 2025, the media landscape is in flux as Netflix explores a potential acquisition of Warner Bros. Discovery's (WBD) studio and streaming business. According to Reuters, the streaming giant has tapped investment bank Moelis & Co. to assist in this endeavor.
Furthermore, Netflix has reportedly been granted access to WBD's data room, allowing the company to review the financial details necessary to make a potential offer. This development comes on the heels of WBD's recent announcement that it has launched a strategic review following "unsolicited interest" from "multiple parties" for all or part of the company.
In addition to continuing with its planned split into Warner Bros. and Discovery Global, which is on track for completion in April, WBD's board will also consider separate transactions for those two companies or a deal for the entire combined entity. The company has also stated that it would consider an alternative separation structure that would enable a merger of Warner Bros. and a spin-off of Discovery Global to its shareholders.
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This latest development in the ongoing media consolidation saga is sure to have far-reaching implications for the industry as a whole.
