Netflix enters bidding war for HBO Max owner

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Netflix enters bidding war for HBO Max owner
Photo: Richard Drew AP/TT

Streaming giant Netflix is in the bidding for media conglomerate Warner Bros Discovery – which owns CNN and HBO Max – Bloomberg reports, citing sources. The deal could be completed in the coming days or weeks.

Others who have shown interest in Warner Bros are Paramount Skydance – backed by Oracle billionaire Larry Ellison – and Comcast.

Reportedly, Warner Bros.' board wants $30 per share for the assets.

Netflix would finance its purchase with a so-called bridge loan of tens of billions of dollars, a source told Bloomberg.

According to the sources, Comcast and Netflix are not interested in buying the cable channel Discovery Global, which may therefore be spun off if a deal is reached with any of the interested parties.

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By TTEnglish edition by Sweden Herald, adapted for our readers

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