Warner Bros. Discovery (WBD) is at the center of a high-stakes acquisition auction involving Paramount, Comcast, and Netflix. David Zaslav and the board rejected Paramount's $23.50 per share bid as insufficient while Comcast and Netflix made asset-specific offers, with Comcast's stock-heavy bid favored to expand NBCUniversal's entertainment assets. The auction faces regulatory scrutiny from the US DOJ and European agencies amid speculation of a possible
Comcast-
Netflix joint bid and involvement from Middle Eastern sovereign wealth funds.