Netflix taps bank to explore bid for Warner Bros Discovery

In this article

Netflix

is actively exploring a bid for Warner Bros Discovery

’s studio and streaming business, retaining a financial advisor and gaining access to financial information, according to three sources familiar with the matter.

The video streaming service has hired Moelis & Co, the investment bank that advised Skydance Media on its successful bid for Paramount Global, to evaluate a prospective offer, two of the sources said. Netflix also has been granted access to the data room, which contains the financial details needed to make a bid, according to two of the sources familiar with the matter.