Yet one more rumor means that Netflix is eager about shopping for Warner Bros. Discovery’s studio and streaming companies. On Friday, Reuters reported that Netflix is “actively exploring” a bid for the corporate and has employed a financial institution to look into a possible provide.
Sources inform Reuters that Netflix now has entry to Warner Bros. Discovery’s “knowledge room,” which the outlet says “accommodates the monetary particulars wanted to make a bid.” Final week, Bloomberg reported that Netflix, Amazon, and Apple are all contemplating buying elements or the entire firm. Comcast co-CEO Mike Cavanagh has additionally left the door open to a possible deal.
When requested about Warner Bros. Discovery’s transfer to place itself up on the market, Netflix co-CEO Ted Sarandos mentioned throughout an earnings name final week that the streaming large has “traditionally” been “extra builders than patrons.” Nonetheless, Sarandos added that Netflix nonetheless evaluates mergers and acquisition alternatives to see whether or not they would add worth to the enterprise.
“Generally, we consider that we will be and we might be picky,” Sarandos mentioned. “We now have a fantastic enterprise. We’re predominantly centered on rising organically, investing aggressively and responsibly into the expansion.” Sarandos added that Netflix has “no real interest in proudly owning legacy media networks.” Warner Bros. Discovery owns legacy channels like CNN, TNT, and HGTV.
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