Netflix hires David Ellison's Investment Bank to close the deal in a bid to buy WB

[Billy]

Netflix ‘Actively Exploring’ Warner Bros. Discovery Bid, Hires Bank to Put Together M&A Offer (Report)

Netflix is "actively exploring" an acquisition bid for Warner Bros. Discovery and has retained investment bank Moelis & Co. to put together a prospective offer, Reuters reported.

variety.com

Corporate banter really doesn't get this hilarious. David Ellison has made multiple offers to buy WB since the company was put on sale, only for them to be rebuffed. Netflix, which played it cool, even denying any interest in the deal, has suddenly become the frontrunner to buy the company. Reuters reports that the investment bank that helped Ellison buy Paramount (Moelis) is now working on Netflix's bid. It is not clear whether the streaming giant wants a portion or the whole of WB, but the possibility of Superman coming to Netflix now looks very real.

 

[alexj-12]

That would be wild if it actually happens. Netflix owning WB feels like a total paradigm shift, it’d be like the biggest “content consolidation” move yet… though I’m not sure if that’s exciting or terrifying