The rumors have been flying for months about Netflix acquiring Warner Bros. Discovery, but the ambiguous responses by Netflix executives ensured that nothing concrete could be deduced by anyone.
However, now for the first time, it can be said that the OTT giant is serious about the possibility of acquiring Warner Bros. Discovery, and it has hired a consultant to evaluate the possibility. The actual purchase can see fruition as early as next year.
The rumors spawned a host of debates where the semantic hair was cracked on the vexed question of whether the deal can be finalized.
Netflix is now actively exploring the possibility of buying Warner Bros
Netflix has hired the same investment bank that advised Skydance when they bought Paramount
(Source: Deadline) pic.twitter.com/wwargwbs8U
— DiscussingFilm (@DiscussingFilm) October 31, 2025
Some experts were quick to assert that this is an impossible dream despite the fact that indications pointed out that preparations were in the works.
One factor that clearly hints that Warner Bros. Discovery’s financial status isn’t great right now, even if its theatrical releases are a runaway hit, is that it is desperately looking for a bailout.
One of the key advocates of the deal is current WBD CEO David Zaslav, who is keen to balance the $30–$40 billion in debt created by the Warner Bros. and Discovery merger back in 2022.
There were other players who were making offers, which included the Larry Ellison-backed alliance between Paramount and Skydance, who had made an offer way back in October to the tune of roughly $49.64 billion ($20/share).
However, this was rejected by Zaslav, prompting another offer of $24/share, which was also rejected.
Later WBD confirmed that it is seeking offers and stated,
“It’s no surprise that the significant value of our portfolio is receiving increased recognition by others in the market. After receiving interest from multiple parties, we have initiated a comprehensive review of strategic alternatives to identify the best path forward to unlock the full value of our assets.”
Samuel A. Di Piazza, Jr., Chair of the Warner Bros. Discovery Board of Directors, added,
“Our decision to initiate this review underscores the Board’s commitment to considering all opportunities to determine the best value for our shareholders. We continue to believe that our planned separation to create two distinct, leading media companies will create compelling value. That said, we determined taking these actions to broaden our scope is in the best interest of shareholders.”
The scene is no different for Netflix since it is also struggling to create its own content and is also forced to explore the idea of buying instead of building.
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