It’s time to up the ante. After the first round of offers for Warner Bros. Discovery arrived, the David Zaslav-run studio giant has set the next deadline for the sweetened bids from suitors.
That next wave of multibillion-dollar offers is expected by December 1, a source confirms. That’s only 11 days removed from the initial offers that were submitted by November 20. While the David Ellison-owned Paramount has pursued a full takeover of the Warner Bros. Discovery assets, both the Brian Roberts-run Comcast and the Greg Peters and Ted Sarandos-led Netflix have submitted bids.
The latter two suitors are expected to be more interested in the studios and streaming businesses, rather than the linear TV properties, whereas Paramount may aim to acquire the whole company. “Look, what I would also say, as it relates to M&A in terms of our mindset, I think it’s…
