Overview
- In a Dec. 4 letter to CEO David Zaslav, Paramount Skydance alleged the sale process has a predetermined outcome favoring a single bidder.
- Warner Bros. Discovery responded that it is fulfilling its fiduciary duties with the utmost care and will continue to do so.
- Paramount, Netflix and Comcast submitted offers this week for part or all of WBD’s assets, according to CNBC.
- Paramount is currently the only suitor seeking the entire portfolio, while Netflix and Comcast are reported to be targeting studios and streaming businesses.
- WBD previously rejected three Paramount proposals in October and is weighing asset sales alongside a plan to split into two companies before April 2026.