Preliminary bids for Warner Bros Discovery are due November 20, when suitors must submit first-round, non-binding offers, Deadline hears.
David Ellison’s Paramount, which made three overtures before the formal sale process started, will be ready. Comcast and Netflix, both of which hired investment banks to explore a deal, are also expected to jump in. With Hollywood M&A being keenly observed from Capitol Hill, Rep. Darrell Issa (R-CA) on Friday send a letter to regulators warning a potential Netflix–WBD combination would raise antitrust concerns and could damage consumers and industry jobs.
