Comcast weighs bid for Warner Bros assets | JQJO

Comcast moved closer to a possible bid for select Warner Bros. Discovery assets, hiring Goldman Sachs and Morgan Stanley and gaining access to WBD’s financials, Variety confirmed via a source familiar. WBD, which began a sale process last month, is weighing offers that could merge its Warner Bros. streaming and studios unit with a buyer while spinning off Discovery Global. Rivals circling include David Ellison’s Paramount Skydance, whose three offers for the whole company — most recently $23.50 a share — were rejected, and Netflix, which is exploring asset deals but says it doesn’t want legacy TV networks.