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Investing.com -- Comcast Corp. has made a renewed offer to merge its NBCUniversal division with Warner Bros. Discovery Inc., according to a report from Bloomberg, citing people familiar with the company’s plans.
The Philadelphia-based cable-TV and internet-service provider submitted a proposal on Monday that would give it control of the combined entity. Warner Bros. shareholders would receive a mix of cash and stock in the new company.
Comcast is one of three suitors that submitted offers for Warner Bros. this week in a second round of bidding, said the people, who asked not to be identified because the terms haven’t been made public.
The merger would create a larger entertainment company by combining NBC’s TV network, film and TV studios, and theme parks with Warner Bros. assets. Acquiring HBO Max would strengthen Comcast’s Peacock streaming service, which has lagged behind competitors.
Under the proposal, Comcast would proceed with its planned spinoff of cable networks like MS Now and CNBC into Versant, expected in early 2026. Similarly, Warner Bros. would continue with its plan to separate cable channels including CNN and TNT into a standalone business called Discovery Global.
Warner Bros. CEO David Zaslav is expected to maintain a management role in the new combined entity, according to the sources.
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