Overview
- Netflix has hired Moelis & Co to evaluate a possible offer for Warner Bros. Discovery and has secured access to the company’s data room, according to multiple reports.
- Warner Bros. Discovery confirmed a strategic review in response to unsolicited approaches and indicated it is open to a sale.
- No formal bid from Netflix has been announced as the assessment remains exploratory.
- A successful deal would hand Netflix control of marquee assets such as Harry Potter, the DC universe, Friends, and HBO with its streaming service.
- Analysts estimate a potential price of $40 billion to $60 billion and anticipate rigorous U.S. and European antitrust scrutiny.