Jin Rong Jie·2025-12-02 01:04Group 1 - Warner Bros. Discovery (WBD) has entered the second round of bidding, with Netflix (NFLX) making a cash-heavy acquisition offer [1] - Other bidders include Paramount Skydance Corp. (PSKY) and Comcast (CMCSA), with all bids being legally binding [1][2] - The auction process is expected to conclude in the coming days or weeks, with the possibility of considering more attractive bids [1] Group 2 - Warner Bros. Discovery owns key assets such as HBO and CNN, and initiated a sale process after receiving multiple acquisition offers [2] - Paramount Skydance has submitted three acquisition proposals for all of Warner Bros. Discovery's assets, including its cable networks [2] - Comcast and Netflix are primarily interested in Warner Bros. Discovery's production business and HBO Max streaming service [2]