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Warner Bros. Discovery to auction assets, with bids due Nov. 20, aiming for a split by April 2026.
Warner Bros.
Discovery is preparing for a formal auction of its assets, with Paramount, Comcast, and Netflix set to submit nonbinding offers by November 20, aiming to conclude the process by year-end.
Paramount seeks a full acquisition with a $23.50-per-share offer, while Comcast and Netflix focus on the studios and HBO Max streaming service, excluding cable networks.
The company plans to split into two entities by April 2026, separating streaming and studios from legacy cable assets, a move that could affect bidding.
CEO David Zaslav’s contract has been amended to align incentives regardless of the split structure.
John Malone, outgoing chairman, described the varied strategic interests of bidders, noting potential regulatory and integration challenges.
Es Warner Bros. Descubrimiento de activos de subasta, con ofertas previstas para el 20 de noviembre, con el objetivo de una división en abril de 2026.