Netflix is reportedly exploring a possible acquisition of Warner Bros. Discovery (WBD), in what could become one of the largest deals in entertainment history.
According to Reuters, the streaming giant has hired investment bank Moelis & Co. to assess the feasibility of the operation and draft a potential offer. Moelis & Co. previously advised Skydance Media during its acquisition of Paramount Global. The move reflects the increasing trend of large-scale mergers and acquisitions reshaping the media landscape.
Reports suggest that WBD’s board has received multiple expressions of interest from potential buyers. Netflix has also been granted access to the company’s financial data, signaling that preliminary talks are underway. It remains unclear whether a possible deal would include HBO Max, WBD’s flagship streaming division.
The potential acquisition would face competition from other media giants. Skydance Media, led by David Ellison, has already made three bids to purchase WBD, though all were rejected as undervalued. Comcast is also reportedly evaluating a limited offer focusing on WBD’s film or streaming assets.
If realized, the acquisition would reshape the global streaming market and mark a new phase in the consolidation of the entertainment industry. For now, the process remains exploratory, and Hollywood is watching closely.
Photo Credits: Pixabay
