Major Media Bids and Strategies in Warner Bros. Discovery Auction
Paramount Skydance, backed by Middle Eastern sovereign wealth funds from Saudi Arabia, Qatar, and Abu Dhabi, has submitted a higher bid for Warner Bros. Discovery, competing with Netflix and Comcast in a bidding process that could lead to a sale or split of the media giant. The bids are under review, with the potential for exclusive negotiations or further proposals, as Warner Bros. Discovery considers its strategic options.