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Investing.com-- Netflix is actively considering a bid for Warner Bros Discovery’s (NASDAQ:WBD) studio and streaming business, and has hired a financial advisor to explore an offer, Reuters reported on Thursday.
The video streaming giant hired Moelis & Co, the same investment bank that advised Skydance Media in its successful acquisition of Paramount Global, to evaluate a potential offer, Reuters reported, citing three sources familiar with the matter.
Netflix Inc (NASDAQ:NFLX) CEO Ted Sarandos signaled last week that the company was not interested in acquiring legacy media assets, which include Warner Bros’ CNN, TNT, Food Network, and Animal Planet.
The Reuters report comes amid growing speculation over who will buy Warner Bros, after the company said last week that it would begin considering options after receiving three unsolicited offers from Paramount Skydance Corp (NASDAQ:PSKY) to acquire the company.
Warner Bros is also considering a potential split, wherein it will separate its film and television studios, HBO, and its HBO streaming service from its television business.
Recent reports showed Comcast Corp (NASDAQ:CMCSA) was also interested in buying the firm.