"On Friday, Reuters reported that Netflix is "actively exploring" a bid for the company and has hired a bank to look into a potential offer. Sources tell Reuters that Netflix now has access to Warner Bros. Discovery's "data room," which the outlet says "contains the financial details needed to make a bid." Last week, Bloomberg reported that Netflix, Amazon, and Apple are all considering purchasing parts or all of the company."
"When asked about Warner Bros. Discovery's move to put itself up for sale, Netflix co-CEO Ted Sarandos said during an earnings call last week that the streaming giant has "historically" been "more builders than buyers." However, Sarandos added that Netflix still evaluates mergers and acquisition opportunities to see whether they would add value to the business. "In general, we believe that we can be and we will be choosy," Sarandos said."
Netflix is reportedly exploring a bid for Warner Bros. Discovery's studio and streaming businesses and has hired a bank to evaluate a potential offer. The company reportedly gained access to Warner Bros. Discovery's data room, which contains financial details needed to make a bid. Bloomberg previously reported that Amazon and Apple are also considering purchases, and Comcast leadership has not ruled out a deal. Netflix co-CEO Ted Sarandos said the company has historically been more builders than buyers but still evaluates acquisitions for value, will be choosy, and has no interest in owning legacy media networks.
Read at The Verge
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