So, only Paramount Skydance is interested in all of WB, and they could well win this one!

[Billy]

Paramount, Comcast and Netflix Make Official Bids for Warner Bros. Discovery as High-Stakes Fight for the Company Begins

The first round bids were non-binding, with things likely to evolve over the coming weeks. It was not immediately clear if Saudi Arabia or other Middle Eastern funds were involved in any bid.

www.hollywoodreporter.com

David Ellison is really flexing his financial muscle in Hollywood and it seems he will get WB as well. The rumors about his $71 billion bid being backed by the middle Eastern Sovereign funds is still hanging over him, but I don't think Netflix and Comcast can get anywhere near the amount he can raise.
Besides, WB shareholders will take whatever they can get at this moment. Netflix only wants the studios, and while Comcast can handle the cable networks, they would rather ship them off to Versant, so neither of the two seems like a reliable buyer for everything that WB is selling. The Paramount Skydance deal might not have the appeal of paying top dollar for the studios, but it is still very lucrative and it basically allows the shareholders to offload those pesky cable channels which are dragging the whole sale behind at this point.

 

[MothTheory]

Ellison really does look like the only one swinging big enough to actually pull this off. Netflix doesn’t want the whole package, and Comcast clearly doesn’t want to babysit the cable networks, so WB shareholders are probably thinking, “Just give us the clean exit.”

The Middle Eastern fund rumors make things messy PR-wise, but money talks. And right now, Ellison’s the only one offering the kind of all-in buyout they actually need

 

[Billy]

The option to buy all of WB makes him the best offer on the table at the moment. Improved bids are set to go in soon, but I don't see anyone else tabling a better offer because Netflix and Comcast can only go so far. I'm okay with the bìgest WB IPs under Paramount, but I'm not so sure Ellison will be the best guardian for them. I can see him creating Disney 102 here