NEW YORK (dpa-AFX) – According to insiders, the race to take over the media group Warner Bros Discovery entered the next round on Monday. Investment bankers from Netflix, Paramount Skydance and Comcast worked on improved deals for all or parts of Warner Bros over the long Thanksgiving weekend, Bloomberg reported, citing people familiar with the matter. The bids now submitted are binding, but another round of bids is conceivable. As of Monday, Warner Bros. on the stock exchange at a valuation of a good 59 billion US dollars (51 billion euros).
Warner Bros (HBO, CNN and the film studio of the same name) officially put itself up for sale in October after the group had previously received several offers. Paramount is probably interested in the entire company including the cable television networks, Comcast and Netflix are eyeing Warner Bros Studios and the streaming service HBO Max. If an offer from these two is successful, Warner Bros would continue with plans to spin off its cable channels as Discovery Global./mis
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