Netflix is reportedly looking into a bid for Warner Bros. Discovery

Yet different rumor suggests that Netflix is funny successful buying Warner Bros. Discovery’s workplace and streaming businesses. On Friday, Reuters reported that Netflix is “actively exploring” a bid for the institution and has hired a slope to look into a imaginable offer.

Sources archer Reuters that Netflix present has entree to Warner Bros. Discovery’s “data room,” which the outlet says “contains the fiscal details needed to marque a bid.” Last week, Bloomberg reported that Netflix, Amazon, and Apple are all considering purchasing parts oregon each of the company. Comcast co-CEO Mike Cavanagh has also near the doorway open to a imaginable deal.

When asked astir Warner Bros. Discovery’s determination to put itself up for sale, Netflix co-CEO Ted Sarandos said during an net call past week that the streaming elephantine has “historically” been “more builders than buyers.” However, Sarandos added that Netflix inactive evaluates mergers and acquisition opportunities to spot whether they would adhd worth to the business.

“In general, we judge that we tin beryllium and we volition beryllium choosy,” Sarandos said. “We person a large business. We’re predominantly focused connected increasing organically, investing aggressively and responsibly into the growth.” Sarandos added that Netflix has “no involvement successful owning bequest media networks.” Warner Bros. Discovery owns bequest channels similar CNN, TNT, and HGTV.