WBD Highlights Rigorous Sale Drama as It Pushes Creative Rebirth

Warner Bros. Discovery CEO David Zaslav said the company’s sale process is rigorous, highly competitive and thorough, with four bidders, eight price increases and a 63% value uplift from the initial offer. Comcast was a bidder but did not advance; Paramount’s improved bid and Netflix are in play as the board weighs options to maximize value and certainty. Zaslav also touted a “creative resurgence” across HBO, Warner Bros. TV/Movies, New Line and DC, amid ongoing corporate reorganization and the planned separation of Warner Bros. and Discovery Global.