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Investing.com -- Warner Bros Discovery Inc (NASDAQ:WBD) is currently reviewing a second round of bids, including a predominantly cash offer from Netflix Inc (NASDAQ:NFLX), Bloomberg reports, as part of an auction process that could conclude within days or weeks.
Banking representatives for Paramount Skydance Corp (NASDAQ:PSKY), Comcast Corp (NASDAQ:CMCSA), and Netflix reportedly worked through the Thanksgiving weekend to prepare improved offers for either the entire Warner Bros. company or portions of it.
The current offers are binding, potentially allowing Warner Bros Discovery’s board to quickly approve a deal if the terms meet their requirements, a source familiar with the matter told Bloomberg. However, the company has not designated these latest proposals as final and would still consider additional bids with attractive terms.
Netflix, which leads the streaming industry, is arranging a bridge loan worth tens of billions of dollars to support its bid, people familiar with the matter told Bloomberg.