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Matthew Rudoy
Published 38 minutes ago
Matthew Rudoy is one of ScreenRant's Movie & TV News Editors. He covers the latest in movie & TV news, with a focus on major franchises like Star Wars, The Boys, and Game of Thrones. He wrote lists for ScreenRant from 2017-2022, became a news writer in 2023, a senior staff writer in 2024, and an editor in 2025.
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This article covers a developing story. Continue to check back with us as we will be adding more information as it becomes available.Netflix is one step closer to buying Warner Bros. after offering a sizable cash bid to purchase the studio. This comes after Warner Bros. was officially put up for sale in October. As the parent company of HBO, CNN, and many other fixtures within film and television, the final results of the sale have significant implications for the entertainment industry.
According to Bloomberg, Warner Bros. received the mostly cash offer from Netflix as part of a second round of bids beginning on the Monday after Thanksgiving. Netflix's bridge loan is worth tens of billions of dollars according to one source. Other sources close to the discussions taking place indicate that the auction may conclude within the next few days or weeks.
Netflix was not the only one whose bankers worked during the extended Thanksgiving weekend to put together an offer to Warner Bros. Bankers from Paramount Skydance and Comcast also worked on improving their bids to acquire all or part of Warner Bros as they compete with Netflix.
Since the offers are considered to be binding, a deal could be signed swiftly by the board if all goals are met. That being said, more bids could still come since the latest offers, including Netflix's made mostly in cash, are not considered final yet.
When Warner Bros. was put up for sale in October, Paramount, which is now under the leadership of David Ellison, provided three offers to buy the entirety of the company, with the cable TV networks being a significant piece of what would be acquired.
Netflix and Comcast do not want the entirety of Warner Bros., as they specifically want Warner Bros. studios and HBO's streaming service, HBO Max. If the offers for Netflix or Comcast are accepted, Warner Bros. will proceed with their plan to make the cable channels part of Discovery Global.
More to come...
Netflix
founded
January 16, 2007
first original series
Lilyhammer
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This article covers a developing story. Continue to check back with us as we will be adding more information as it becomes available.
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